Rivernorth Managed Duration Municipal Income Fund (NYSE:RMM) Shares Down 2.5% – What’s Next?

Posted by Geri Gentry on Sep 16th, 2026

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSE:RMM – Get Free Report)’s stock price traded down 2.5% on Tuesday . The stock traded as low as $13.33 and last traded at $13.38. 68,284 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 49,156 shares. The stock had previously closed at $13.73.

Rivernorth Managed Duration Municipal Income Fund Trading Down 2.5%

The stock has a fifty day simple moving average of $14.38 and a 200-day simple moving average of $14.34.

Rivernorth Managed Duration Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were paid a dividend of $0.0847 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a c) annualized dividend and a yield of 7.6%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Arkadios Wealth Advisors acquired a new position in shares of Rivernorth Managed Duration Municipal Income Fund in the 1st quarter valued at $1,472,000. Gateway Wealth Partners LLC increased its position in shares of Rivernorth Managed Duration Municipal Income Fund by 174.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 115,380 shares of the company’s stock valued at $1,573,000 after buying an additional 73,345 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Rivernorth Managed Duration Municipal Income Fund by 98.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 95,605 shares of the company’s stock worth $1,301,000 after buying an additional 47,358 shares during the period. Rivernorth Capital Management LLC acquired a new stake in Rivernorth Managed Duration Municipal Income Fund during the 1st quarter worth $182,000. Finally, Closed End Fund Advisors Inc. bought a new position in Rivernorth Managed Duration Municipal Income Fund during the fourth quarter worth about $162,000.

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.