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NYLIM MacKay DefinedTerm Muni Opportunities Fund Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest, by Dowden David, was filed 21 Jan 2025.
NYLIM MacKay DefinedTerm Muni Opportunities Fund: what insiders have been doing
NYLIM MacKay DefinedTerm Muni Opportunities Fund is a Finance & Banking company. Its directors and officers file their transactions with SEC (Form 4). 2 insiders have disclosed 4 filings since 22 October 2025.
All open-market trades in the period are sales: 4 sales worth €170k, by 2 insiders, with no purchase on record. Biggest ticket of the year: €154k, sold by Dimella Robert A and made public on 21 November 2025.
Across the 2,023 companies tracked on its exchange, the median is 41 filings; at 4 filings, this issuer sits below that mark. Our records for NYLIM MacKay DefinedTerm Muni Opportunities Fund go back to 2016, with 11 purchases and 37 sales on the open market in total.
The median gap between a trade and its publication by SEC (Form 4) is 3 days. For comparison, the SEC allows two business days to file a Form 4. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
In the same sector, recent insider purchases at Dynex Capital Inc and Presurance Holdings, Inc. also feature in our signals. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
54
Thresholds
n/a
Buy Volume
€1M
11 ops. · all time
Sell Volume
€1M
37 ops. · all time
Who traded when
BuySaleJohn J. Lawlor2 buys2 sales
Robert A. Dimella2 sales
David Dowden1 buy
Since the insiders bought
- +0.5%Entry US$15.19 · Close at T+365 US$15.26
- +2.5%Entry US$14.85 · Close at T+365 US$15.22
- -4.4%Entry US$15.78 · Close at T+365 US$15.08
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2026FY ended May 2026 · cache
US$13.85
Analyst consensus
Income statement
RevenueUS$26.3M
Net incomeUS$26.1M110.4% margin
Valuation
PER (trailing)10.0x
P/Book0.8x
Beta0.59
Balance sheet & cash
Market capUS$260.1M
Total debtUS$174.2M
Free Cash FlowUS$13.1M
Debt / Equity57%
Profitability & ownership
ROE8.6%
ROA2.6%
% institutions114.2%
Last declaration on 10 August 2026
Declarations54 total
100 shares@ US$15.021.6% of flowShares of Beneficial InterestSEC:0001769190-26-000001:0
1,150 shares@ US$15.0018.2% of flowShares of beneficial interestSEC:0001769190-26-000001:1
0.715 shares@ US$14.920.0% of flowShares of beneficial interestSEC:0000945621-25-001163:0
11,964.715 shares@ US$14.84100.0% of flowShares of beneficial interestSEC:0001081496-25-000004:0
3,300 shares@ US$14.9238100.0% of flowShares of beneficial interestSEC:0001552955-25-000002:0
Canonical exit: 17 Apr 2025 (T+90)
2,000 shares@ US$14.7434.9% of flowShares of Beneficial InterestSEC:0001769190-25-000002:0
Canonical exit: 14 Apr 2025 (T+90)
2,500 shares@ US$15.7945.3% of flowShares of beneficial interestSEC:0001769190-24-000001:0
Canonical exit: 18 Feb 2025 (T+90)
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
Canonical exit: 9 Jan 2023 (T+90)
3,250 shares@ US$17.229919.6% of flowShares of beneficial interestSEC:0001568205-22-000001:0
Canonical exit: 11 Aug 2022 (T+90)
2,000 shares@ US$17.89100.0% of flowShare of beneficial interestSEC:0001518557-22-000002:0
Canonical exit: 10 Jul 2022 (T+90)
10,000 shares@ US$17.895662.4% of flowShares of beneficial interestSEC:0001518557-22-000003:0
Canonical exit: 10 Jul 2022 (T+90)
4,250 shares@ US$18.150925.8% of flowShares of beneficial interestSEC:0001518557-22-000001:0
Canonical exit: 7 Jul 2022 (T+90)
400 shares@ US$22.39100.0% of flowShares of beneficial interestSEC:0001549066-21-000003:0
Canonical exit: 19 Aug 2021 (T+90)
3,000 shares@ US$22.6621100.0% of flowShares of beneficial interestSEC:0001769190-21-000001:0
2,500 shares@ US$22.8736100.0% of flowShares of beneficial interestSEC:0001285634-21-000001:0
3,985 shares@ US$22.9012.0% of flowShares of beneficial interestSEC:0001081496-21-000001:1
320 shares@ US$22.831.0% of flowShares of beneficial interestSEC:0001081496-21-000001:2
244 shares@ US$22.840.7% of flowShares of beneficial interestSEC:0001081496-21-000001:3
5,233 shares@ US$22.903237.6% of flowShares of beneficial interestSEC:0001081496-21-000001:0
11,600 shares@ US$21.3096.6% of flowShares of beneficial interestSEC:0001549066-21-000002:0
Canonical exit: 17 Jun 2021 (T+90)
25 of 54 declarations
About NYLIM MacKay DefinedTerm Muni 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))
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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))
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