Rivernorth Managed Duration Municipal Income Fund (NYSEARCA:RMM) Shares Up 0.4% – Still a Buy?

Posted by George Bondi on Aug 26th, 2026

Shares of Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM – Get Free Report) were up 0.4% during mid-day trading on Tuesday . The stock traded as high as $14.28 and last traded at $14.25. Approximately 31,297 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 49,298 shares. The stock had previously closed at $14.20.

Rivernorth Managed Duration Municipal Income Fund Trading Up 0.4%

The company has a 50 day simple moving average of $14.57 and a 200 day simple moving average of $14.38.

Rivernorth Managed Duration Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid a $0.0847 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Rivernorth Managed Duration Municipal Income Fund by 10.7% in the 1st quarter. Royal Bank of Canada now owns 268,226 shares of the company’s stock valued at $3,841,000 after purchasing an additional 25,822 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Rivernorth Managed Duration Municipal Income Fund by 7.4% during the second quarter. NewEdge Advisors LLC now owns 16,750 shares of the company’s stock worth $225,000 after buying an additional 1,150 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Rivernorth Managed Duration Municipal Income Fund by 6.5% during the second quarter. Bank of America Corp DE now owns 21,076 shares of the company’s stock worth $283,000 after buying an additional 1,284 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Rivernorth Managed Duration Municipal Income Fund in the second quarter valued at about $217,000. Finally, Osaic Holdings Inc. raised its position in shares of Rivernorth Managed Duration Municipal Income Fund by 79.5% in the second quarter. Osaic Holdings Inc. now owns 12,867 shares of the company’s stock valued at $173,000 after buying an additional 5,700 shares during the last quarter.

Rivernorth Managed Duration Municipal Income Fund Company Profile

(Get Free Report)

Rivernorth Managed Duration Municipal Income Fund Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index.