InsidersTradesSigma
MainStay MacKay DefinedTerm Municipal Opportunities Fund Stock: price and management transactions · United States · SEC (Form 4)
SEC:mainstay-mackay-definedterm-municipal-opportunities-fundUS·SEC (Form 4)Mcap US$282.6MFinance & Banking
Follow the MainStay MacKay DefinedTerm Municipal Opportunities Fund share price and the full directors' dealings record of the company, a publicly traded company based in United States. Shares trade on US US, under the authority of SEC (Form 4). Operating in the Finance & Banking sector, MainStay MacKay DefinedTerm Municipal Opportunities Fund has recorded 18 reports. Market capitalisation: €282.6m. The latest transaction was filed on 21 August 2023 (Cession). Among the most active insiders: Denlinger Michael. The full history is accessible without an account.
18
Insider Decl.
0
Thresholds
€350,889
7 ops.
Buy Volume
€569,174
11 ops.
Sell Volume
31Σ signal
Informational score on this market. Our backtest validates the signal only on 8 EU venues; elsewhere (notably US markets) insider buys historically invert or do not hold. Not a recommendation.
Sigma AI Analysis
Fundamental view, insider signal, bull and bear case, synthesis.
AI-generated analysis. Opinion, not investment advice. Not backtested. Built from public filings and financials. No price target, no buy or sell recommendation.
Last declaration on 21 August 2023
Declarations18 total
0.067 shares@ US$16.66660.0% of flowShares of beneficial interestSEC:0001518557-23-000003:0
4,567 shares@ US$16.856125.4% of flowShares of beneficial interestSEC:0001518557-23-000002:0
4,326 shares@ US$16.945924.2% of flowShares of beneficial interestSEC:0001518557-23-000001:0
0.315 shares@ US$16.210.0% of flowShares of beneficial interestSEC:0001518557-22-000005:0
1,709 shares@ US$16.1501100.0% of flowShares of beneficial interestSEC:0001552954-22-000001:0
855 shares@ US$15.755.0% of flowShares of beneficial interestSEC:0001518557-22-000004:0
Ideal exit: 8 Jul 2023 (T+270)
3,250 shares@ US$17.22990.019% mcap43.2% of flowShares of beneficial interestSEC:0001568205-22-000001:0
Ideal exit: 7 Feb 2023 (T+270)
2,000 shares@ US$17.890.012% mcap100.0% of flowShare of beneficial interestSEC:0001518557-22-000002:0
Ideal exit: 6 Jan 2023 (T+270)
10,000 shares@ US$17.89560.058% mcap45.3% of flowShares of beneficial interestSEC:0001518557-22-000003:0
Ideal exit: 6 Jan 2023 (T+270)
4,250 shares@ US$18.15090.025% mcap56.8% of flowShares of beneficial interestSEC:0001518557-22-000001:0
Ideal exit: 3 Jan 2023 (T+270)
400 shares@ US$22.3950.0% of flowShares of beneficial interestSEC:0001549066-21-000003
Ideal exit: 15 Feb 2022 (T+270)
400 shares@ US$22.390.0026% mcap50.0% of flowShares of beneficial interestSEC:0001549066-21-000003:0
Ideal exit: 15 Feb 2022 (T+270)
3,000 shares@ US$22.66210.020% mcap50.0% of flowShares of beneficial interestSEC:0001769190-21-000001:0
3,000 shares@ US$22.662150.0% of flowShares of beneficial interestSEC:0001769190-21-000001
2,500 shares@ US$22.873650.0% of flowShares of beneficial interestSEC:0001285634-21-000001
2,500 shares@ US$22.87360.017% mcap50.0% of flowShares of beneficial interestSEC:0001285634-21-000001:0
5,233 shares@ US$22.903227.3% of flowShares of beneficial interestSEC:0001081496-21-000001
5,233 shares@ US$22.90320.035% mcap27.3% of flowShares of beneficial interestSEC:0001081496-21-000001:0
18 of 18 declarations
About MainStay MacKay DefinedTerm Municipal Opportunities Fund
MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) is a US-listed closed-end investment fund organized as a Delaware statutory trust and registered as an investment company. Its principal executive address is in New York, New York, at 51 Madison Avenue, while administrative service references in SEC filings also point to Jersey City, New Jersey. The fund was organized in 2011 and commenced operations on June 26, 2012, making it a long-established vehicle in the US municipal bond universe. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1518557/000119312520197845/d889114dncsr.htm?utm_source=openai)) The fund’s strategy is centered on producing federally tax-exempt income by investing primarily in long-term municipal debt securities. Its portfolio is mainly composed of obligations issued by US states, local governments, political subdivisions, agencies, and public authorities. Recent SEC portfolio disclosures show broad exposure across states and sectors, reflecting a diversified municipal credit approach rather than a narrow single-issuer strategy. The fund can also employ leverage, including tender option bond transactions and other financing structures, which can enhance income but also increase sensitivity to interest-rate moves, spread widening, and credit deterioration. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001518557/000119312525170891/d17478dncsr.htm?utm_source=openai)) From a competitive standpoint, MMD is best understood as an actively managed, exchange-traded closed-end fund aimed at investors seeking municipal income with daily market liquidity. Its competitive edge lies in access to MacKay Shields’ municipal bond expertise within the broader New York Life Investments/MainStay platform. For investors in France, Belgium, or Switzerland, the key point is that the shares trade on the US stock market, so market price can differ materially from net asset value. That discount/premium dynamic is a defining feature of the investment case and should be monitored alongside portfolio quality and leverage. In the fund’s May 31, 2025 annual report, total net assets were about $295.6 million, managed assets about $471.0 million, and the shares traded at a discount to NAV. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001518557/000119312525170891/d17478dncsr.htm?utm_source=openai)) Geographically, the business is overwhelmingly US-centric: the underlying assets are municipal securities issued in the United States, and the fund is marketed to investors through the US-listed NYSE venue under the ticker MMD. The most notable recent development was a corporate rebranding in 2024, when the fund changed its name to NYLI MacKay DefinedTerm Muni Opportunities Fund while keeping the same ticker. In November 2024, the fund also disclosed preliminary results of a tender offer, indicating an active approach to capital structure management and shareholder liquidity. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1518557/000119312525170891/d17478dncsr.htm?utm_source=openai))
