Janney Montgomery Scott LLC Has $539,000 Position in Mainstay Definedterm Municipal Opptys Fd (MMD)

Janney Montgomery Scott LLC lifted its stake in shares of Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) by 59.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,871 shares of the closed-end fund’s stock after purchasing an additional 10,062 shares during the quarter. Janney Montgomery Scott LLC owned 0.10% of Mainstay Definedterm Municipal Opptys Fd worth $539,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Spectrum Management Group Inc. bought a new position in Mainstay Definedterm Municipal Opptys Fd in the 3rd quarter worth about $153,000. SG Americas Securities LLC increased its stake in Mainstay Definedterm Municipal Opptys Fd by 40.9% in the 2nd quarter. SG Americas Securities LLC now owns 7,919 shares of the closed-end fund’s stock worth $156,000 after acquiring an additional 2,298 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Mainstay Definedterm Municipal Opptys Fd by 38.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,650 shares of the closed-end fund’s stock worth $170,000 after acquiring an additional 2,400 shares during the last quarter. Stephens Inc. AR bought a new position in Mainstay Definedterm Municipal Opptys Fd in the 2nd quarter worth about $244,000. Finally, Stifel Financial Corp bought a new position in Mainstay Definedterm Municipal Opptys Fd in the 3rd quarter worth about $268,000.

Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) opened at $19.76 on Tuesday. Mainstay Definedterm Municipal Opptys Fd has a fifty-two week low of $18.18 and a fifty-two week high of $20.49.

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were issued a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend was Tuesday, November 14th.

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About Mainstay Definedterm Municipal Opptys Fd

Mainstay Definedterm Municipal Opportunities Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from regular the United States Federal income taxes (but which may be includable in taxable income for purpose of the Federal alternative minimum tax).

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

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