Wedbush Securities Inc. lowered its stake in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSE:RMMZ – Free Report) by 79.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,847 shares of the company’s stock after selling 58,972 shares during the quarter. Wedbush Securities Inc.’s holdings in RiverNorth Managed Duration Municipal Income Fund II were worth $195,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in RMMZ. Integrated Wealth Concepts LLC acquired a new stake in shares of RiverNorth Managed Duration Municipal Income Fund II during the second quarter worth $98,000. Rivernorth Capital Management LLC lifted its stake in RiverNorth Managed Duration Municipal Income Fund II by 62.3% in the second quarter. Rivernorth Capital Management LLC now owns 40,249 shares of the company’s stock valued at $605,000 after buying an additional 15,447 shares during the period. Noble Wealth Management PBC lifted its stake in 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. Royal Bank of Canada boosted its holdings in RiverNorth Managed Duration Municipal Income Fund II by 3.9% during the first quarter. Royal Bank of Canada now owns 200,131 shares of the company’s stock worth $2,940,000 after buying an additional 7,598 shares during the last quarter. Finally, Gateway Wealth Partners LLC boosted its holdings in RiverNorth Managed Duration Municipal Income Fund II by 120.8% during the first quarter. Gateway Wealth Partners LLC now owns 291,298 shares of the company’s stock worth $4,279,000 after buying an additional 159,344 shares during the last quarter.
RiverNorth Managed Duration Municipal Income Fund II Stock Performance
RiverNorth Managed Duration Municipal Income Fund II stock opened at $13.88 on Friday. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 1 year low of $12.77 and a 1 year high of $15.29. The business has a 50-day moving average of $13.83 and a 200-day moving average of $14.56.
RiverNorth Managed Duration Municipal Income Fund II Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a $0.0891 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Tuesday, December 15th.
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