Stock Mover of the Day: Institutional Investors Are Betting On Mainstay Definedterm Municipal Opportunities Fund (NYSE:MMD)

November 16, 2016 - By Darrin Black   ·   0 Comments

Stock Mover of the Day: Institutional Investors Are Betting On Mainstay Definedterm Municipal Opportunities Fund (NYSE:MMD)

Sentiment for Mainstay Definedterm Municipal Opportunities Fund (NYSE:MMD)

Mainstay Definedterm Municipal Opportunities Fund (NYSE:MMD) institutional sentiment increased to 2.22 in 2016 Q2. Its up 1.22, from 1 in 2016Q1. The ratio is positive, as 20 investment professionals opened new or increased equity positions, while 9 sold and decreased holdings in Mainstay Definedterm Municipal Opportunities Fund. The investment professionals in our partner’s database now hold: 2.97 million shares, down from 4.92 million shares in 2016Q1. Also, the number of investment professionals holding Mainstay Definedterm Municipal Opportunities Fund in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 5 Increased: 16 New Position: 4.

Mainstay Definedterm Municipal Opportunities Fund is a diversified, closed-end management investment company. The company has a market cap of $509.21 million. 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). It currently has negative earnings. The Fund’s secondary objective is total return.

About 26,019 shares traded hands. Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) has declined 5.47% since April 14, 2016 and is downtrending. It has underperformed by 10.16% the S&P500.

Robinson Capital Management Llc holds 1.21% of its portfolio in Mainstay Definedterm Municipal Opptys Fd for 101,230 shares. Doliver Capital Advisors Inc. owns 53,247 shares or 0.94% of their US portfolio. Moreover, Botty Investors Llc has 0.46% invested in the company for 38,583 shares. The Louisiana-based Summit Financial Wealth Advisors Llc has invested 0.2% in the stock. Usca Ria Llc, a Texas-based fund reported 58,614 shares.#img1#

More notable recent Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) news were published by: Businesswire.com which released: “MainStay DefinedTerm Municipal Opportunities Fund Appoints Chris Blunt, David …” on December 31, 2015, also Businesswire.com with their article: “MainStay DefinedTerm Municipal Opportunities Fund Declares Monthly Dividend …” published on April 01, 2016, Prnewswire.com published: “MainStay Investments Introduces MainStay Marketfield Fund” on October 09, 2012. More interesting news about Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) were released by: Prnewswire.com and their article: “Thomas Girard Joins NYLIM Fixed Income Investors Group” published on June 06, 2007 as well as Businesswire.com‘s news article titled: “New York Life Investment Management Opens Office in Japan” with publication date: July 19, 2016.

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By Darrin Black


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