Mainstay Definedterm Municipal Opptys Fd (MMD) Holdings Boosted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) by 9.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,360 shares of the closed-end fund’s stock after buying an additional 7,280 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.32% of Mainstay Definedterm Municipal Opptys Fd worth $1,716,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MMD. Bank of America Corp DE grew its position in shares of Mainstay Definedterm Municipal Opptys Fd by 9.2% in the second quarter. Bank of America Corp DE now owns 877,120 shares of the closed-end fund’s stock valued at $17,007,000 after purchasing an additional 74,098 shares during the last quarter. Raymond James & Associates grew its position in shares of Mainstay Definedterm Municipal Opptys Fd by 2.9% in the second quarter. Raymond James & Associates now owns 514,742 shares of the closed-end fund’s stock valued at $9,981,000 after purchasing an additional 14,377 shares during the last quarter. Royal Bank of Canada grew its position in shares of Mainstay Definedterm Municipal Opptys Fd by 5.5% in the first quarter. Royal Bank of Canada now owns 114,164 shares of the closed-end fund’s stock valued at $2,149,000 after purchasing an additional 5,946 shares during the last quarter. Usca Ria LLC grew its position in shares of Mainstay Definedterm Municipal Opptys Fd by 17.3% in the second quarter. Usca Ria LLC now owns 95,703 shares of the closed-end fund’s stock valued at $1,856,000 after purchasing an additional 14,104 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in shares of Mainstay Definedterm Municipal Opptys Fd by 15.4% in the second quarter. Advisory Services Network LLC now owns 37,500 shares of the closed-end fund’s stock valued at $729,000 after purchasing an additional 5,000 shares during the last quarter.

Mainstay Definedterm Municipal Opptys Fd stock opened at $19.27 on Friday. Mainstay Definedterm Municipal Opptys Fd has a 12 month low of $18.54 and a 12 month high of $20.49.

The company also recently announced a monthly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a $0.085 dividend. This represents a $1.02 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend is Wednesday, November 14th.

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About Mainstay Definedterm Municipal Opptys Fd

MainStay DefinedTerm Municipal Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by New York Life Investment Management LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds which are exempt from regular U.S.

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Institutional Ownership by Quarter for Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD)

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