38,831 Shares in RiverNorth Managed Duration Municipal Income Fund II, Inc. $RMMZ Bought by Closed End Fund Advisors Inc.

Closed End Fund Advisors Inc. bought a new position in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 38,831 shares of the company’s stock, valued at approximately $564,000.

Other institutional investors have also recently bought and sold shares of the company. Gateway Wealth Partners LLC acquired a new stake in RiverNorth Managed Duration Municipal Income Fund II in the 3rd quarter worth $1,827,000. Oppenheimer & Co. Inc. grew its position in RiverNorth Managed Duration Municipal Income Fund II by 21.0% in 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 last quarter. Raymond James Financial Inc. grew its position 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 worth $440,000 after purchasing an additional 9,749 shares during the last quarter. 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. Finally, Harbour Investments Inc. grew its position in RiverNorth Managed Duration Municipal Income Fund II by 34.5% in the 4th quarter. Harbour Investments Inc. now owns 19,500 shares of the company’s stock worth $283,000 after purchasing an additional 5,000 shares during the last quarter.

RiverNorth Managed Duration Municipal Income Fund II Stock Performance

NYSEARCA RMMZ opened at $14.82 on Friday. The company’s fifty day moving average is $14.78 and its two-hundred day moving average is $14.75. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 52-week low of $13.83 and a 52-week high of $15.29.

RiverNorth Managed Duration Municipal Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.0891 dividend. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Monday, June 15th.