RiverNorth Managed Duration Municipal Income Fund II (NYSEARCA:RMMZ) Shares Down 0.3% – What’s Next?

Shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) were down 0.3% on Tuesday . The company traded as low as $14.67 and last traded at $14.71. 2,016 shares traded hands during trading, a decline of 89% from the average daily volume of 17,614 shares. The stock had previously closed at $14.76.

RiverNorth Managed Duration Municipal Income Fund II Price Performance

The company’s 50-day moving average is $14.86 and its 200 day moving average is $14.82.

RiverNorth Managed Duration Municipal Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.0891 per share. The ex-dividend date was Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 7.3%.

Institutional Investors Weigh In On RiverNorth Managed Duration Municipal Income Fund II

A number of large investors have recently made changes to their positions in RMMZ. Bank of America Corp DE purchased a new position in RiverNorth Managed Duration Municipal Income Fund II in the 3rd quarter worth $32,000. Noble Wealth Management PBC increased 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 purchasing an additional 5,000 shares during the period. Osaic Holdings Inc. raised its stake in shares of RiverNorth Managed Duration Municipal Income Fund II by 94.2% in the fourth quarter. Osaic Holdings Inc. now owns 12,428 shares of the company’s stock worth $180,000 after purchasing an additional 6,029 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of RiverNorth Managed Duration Municipal Income Fund II by 34.5% in the fourth 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. Finally, Rivernorth Capital Management LLC acquired a new stake in shares of RiverNorth Managed Duration Municipal Income Fund II during the first quarter worth about $364,000.