Ladenburg Thalmann Financial Services Inc. Acquires 8,503 Shares of Mainstay Definedterm Municipal Opptys Fd (MMD)

Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) by 48.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,191 shares of the closed-end fund’s stock after purchasing an additional 8,503 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Mainstay Definedterm Municipal Opptys Fd were worth $519,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MMD. Avestar Capital LLC purchased a new stake in Mainstay Definedterm Municipal Opptys Fd during the fourth quarter worth about $101,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Mainstay Definedterm Municipal Opptys Fd during the third quarter worth approximately $244,000. Stifel Financial Corp purchased a new stake in shares of Mainstay Definedterm Municipal Opptys Fd during the third quarter worth approximately $268,000. Janney Montgomery Scott LLC increased its stake in shares of Mainstay Definedterm Municipal Opptys Fd by 59.9% during the third quarter. Janney Montgomery Scott LLC now owns 26,871 shares of the closed-end fund’s stock worth $539,000 after buying an additional 10,062 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Mainstay Definedterm Municipal Opptys Fd by 30.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 55,654 shares of the closed-end fund’s stock worth $1,104,000 after buying an additional 12,945 shares during the period.

How to Become a New Pot Stock Millionaire

MMD stock opened at $19.05 on Friday. Mainstay Definedterm Municipal Opptys Fd has a fifty-two week low of $18.54 and a fifty-two week high of $20.49.

The company also recently announced a monthly dividend, which will be paid on Thursday, May 31st. Investors of record on Tuesday, May 15th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, May 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.67%.

ILLEGAL ACTIVITY WARNING: “Ladenburg Thalmann Financial Services Inc. Acquires 8,503 Shares of Mainstay Definedterm Municipal Opptys Fd (MMD)” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/04/07/ladenburg-thalmann-financial-services-inc-acquires-8503-shares-of-mainstay-definedterm-municipal-opptys-fd-mmd.html.

Mainstay Definedterm Municipal Opptys Fd Profile

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).

Want to see what other hedge funds are holding MMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD).

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

Receive News & Ratings for Mainstay Definedterm Municipal Opptys Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mainstay Definedterm Municipal Opptys Fd and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply