MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Posted by on Jul 17th, 2026

MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD – Get Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $15.29 and traded as high as $15.36. MainStay MacKay DefinedTerm Municipal Opportunities Fund shares last traded at $15.3050, with a volume of 22,955 shares traded.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock Performance

The firm’s 50 day simple moving average is $15.29 and its 200 day simple moving average is $15.24.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.0675 dividend. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On MainStay MacKay DefinedTerm Municipal Opportunities Fund

A number of large investors have recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. grew its holdings in MainStay MacKay DefinedTerm Municipal Opportunities Fund by 0.7% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 97,226 shares of the closed-end fund’s stock valued at $1,446,000 after purchasing an additional 722 shares during the last quarter. Royal Bank of Canada lifted its stake in MainStay MacKay DefinedTerm Municipal Opportunities Fund by 0.8% in the fourth quarter. Royal Bank of Canada now owns 152,597 shares of the closed-end fund’s stock worth $2,269,000 after purchasing an additional 1,204 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 1.3% during the first quarter. NewEdge Advisors LLC now owns 97,220 shares of the closed-end fund’s stock valued at $1,444,000 after buying an additional 1,281 shares during the period. Arlington Capital Management Inc. boosted its position in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 8.4% during the fourth quarter. Arlington Capital Management Inc. now owns 17,359 shares of the closed-end fund’s stock valued at $258,000 after buying an additional 1,339 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of MainStay MacKay DefinedTerm Municipal Opportunities Fund by 6.7% during the fourth quarter. Jane Street Group LLC now owns 22,064 shares of the closed-end fund’s stock valued at $328,000 after buying an additional 1,389 shares during the last quarter.

MainStay MacKay DefinedTerm Municipal Opportunities Fund Company Profile

(Get Free Report)

The MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) is a closed-end, diversified management investment company that seeks to provide a high level of tax-exempt income. The fund primarily invests in investment-grade municipal securities, including general obligation bonds, revenue bonds and other state and local government obligations. By focusing on tax-exempt instruments, MMD aims to enhance after-tax yields for its shareholders, making it an option for investors in higher tax brackets who seek municipal bond exposure through a publicly traded vehicle.

As a defined-term fund, MMD was structured with a predetermined termination date at which point the portfolio is expected to be liquidated and proceeds returned to investors.

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