Institutional Investors Lead Shift in Mainstay Definedterm Municipal Opportunities Fund (NYSE:MMD) Sentiment

July 14, 2018 - By Pete Kolinski

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

Mainstay Definedterm Municipal Opportunities Fund (NYSE:MMD) institutional sentiment decreased to 1.6 in Q1 2018. Its down -0.78, from 2.38 in 2017Q4. The ratio dropped, as 16 investment managers opened new and increased stock positions, while 10 cut down and sold stock positions in Mainstay Definedterm Municipal Opportunities Fund. The investment managers in our partner’s database now have: 3.59 million shares, up from 3.49 million shares in 2017Q4. Also, the number of investment managers holding Mainstay Definedterm Municipal Opportunities Fund in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 9 Increased: 13 New Position: 3.

The stock increased 0.70% or $0.14 during the last trading session, reaching $19.5. About 68,304 shares traded or 24.76% up from the average. MainStay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) has declined 0.15% since July 14, 2017 and is downtrending. It has underperformed by 12.72% the S&P500.

Summit Financial Wealth Advisors Llc holds 0.22% of its portfolio in MainStay DefinedTerm Municipal Opportunities Fund for 15,600 shares. Usca Ria Llc owns 81,599 shares or 0.17% of their US portfolio. Moreover, Advisors Asset Management Inc. has 0.07% invested in the company for 215,140 shares. The Georgia-based Advisory Services Network Llc has invested 0.05% in the stock. Botty Investors Llc, a Illinois-based fund reported 2,460 shares.

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