RiverNorth Managed Duration Municipal Income Fund II, Inc. to Issue Monthly Dividend of $0.09 (NYSEARCA:RMMZ)

RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of 0.0891 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Thursday, January 15th.

RiverNorth Managed Duration Municipal Income Fund II Trading Up 0.2%

Shares of NYSEARCA:RMMZ traded up $0.03 during midday trading on Tuesday, hitting $14.70. The company’s stock had a trading volume of 2,521 shares, compared to its average volume of 19,352. The stock’s 50 day simple moving average is $14.77 and its 200 day simple moving average is $14.63. RiverNorth Managed Duration Municipal Income Fund II has a fifty-two week low of $13.79 and a fifty-two week high of $16.45.

Insider Transactions at RiverNorth Managed Duration Municipal Income Fund II

In other RiverNorth Managed Duration Municipal Income Fund II news, Portfolio Manager Robert A. Dimella sold 10,060 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $14.98, for a total value of $150,698.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Investors Weigh In On RiverNorth Managed Duration Municipal Income Fund II

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE acquired a new stake in shares of RiverNorth Managed Duration Municipal Income Fund II in the third quarter worth $32,000. Raymond James Financial Inc. boosted its holdings in RiverNorth Managed Duration Municipal Income Fund II by 49.8% in the 3rd quarter. Raymond James Financial Inc. now owns 29,330 shares of the company’s stock valued at $440,000 after purchasing an additional 9,749 shares during the period. UBS Group AG grew its position in RiverNorth Managed Duration Municipal Income Fund II by 3.5% in the 3rd quarter. UBS Group AG now owns 201,748 shares of the company’s stock worth $3,026,000 after purchasing an additional 6,802 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 21.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 59,906 shares of the company’s stock worth $899,000 after purchasing an additional 10,407 shares during the period. Finally, Gateway Wealth Partners LLC acquired a new position in shares of RiverNorth Managed Duration Municipal Income Fund II during the third quarter valued at about $1,827,000.