RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSE:RMMZ – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.0891 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Tuesday, September 15th.
RiverNorth Managed Duration Municipal Income Fund II Stock Performance
Shares of RiverNorth Managed Duration Municipal Income Fund II stock opened at $14.19 on Friday. The business has a 50-day moving average of $14.76 and a two-hundred day moving average of $14.78. RiverNorth Managed Duration Municipal Income Fund II has a 1 year low of $14.10 and a 1 year high of $15.29.
Institutional Trading of RiverNorth Managed Duration Municipal Income Fund II
A number of large investors have recently bought and sold shares of RMMZ. Bank of America Corp DE acquired a new stake in RiverNorth Managed Duration Municipal Income Fund II during the 3rd quarter worth approximately $32,000. Noble Wealth Management PBC boosted its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 416.7% in the second quarter. Noble Wealth Management PBC now owns 6,200 shares of the company’s stock valued at $93,000 after buying an additional 5,000 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of RiverNorth Managed Duration Municipal Income Fund II in the second quarter valued at approximately $98,000. Osaic Holdings Inc. increased its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 94.2% during the fourth quarter. Osaic Holdings Inc. now owns 12,428 shares of the company’s stock worth $180,000 after acquiring an additional 6,029 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 34.5% during the fourth quarter. Harbour Investments Inc. now owns 19,500 shares of the company’s stock worth $283,000 after acquiring an additional 5,000 shares in the last quarter.
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