Insider Selling: RiverNorth Managed Duration Municipal Income Fund II (NYSEARCA:RMMZ) Portfolio Manager Sells 10,060 Shares of Stock

RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) Portfolio Manager Robert Dimella sold 10,060 shares of RiverNorth Managed Duration Municipal Income Fund II stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $14.98, for a total transaction of $150,698.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

RiverNorth Managed Duration Municipal Income Fund II Trading Down 1.0%

RMMZ stock traded down $0.14 during trading on Monday, hitting $14.53. The stock had a trading volume of 58,438 shares, compared to its average volume of 29,850. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a twelve month low of $13.79 and a twelve month high of $16.45. The company’s 50-day moving average price is $14.97 and its two-hundred day moving average price is $14.55.

RiverNorth Managed Duration Municipal Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.0951 dividend. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Monday, December 15th.

Institutional Trading of RiverNorth Managed Duration Municipal Income Fund II

A number of hedge funds and other institutional investors have recently modified their holdings of RMMZ. Royal Bank of Canada boosted its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 1.5% during the 1st quarter. Royal Bank of Canada now owns 166,656 shares of the company’s stock valued at $2,537,000 after acquiring an additional 2,479 shares during the last quarter. PFG Investments LLC boosted its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 7.7% during the 2nd quarter. PFG Investments LLC now owns 14,000 shares of the company’s stock worth $197,000 after purchasing an additional 1,000 shares during the period. River Street Advisors LLC acquired a new position in RiverNorth Managed Duration Municipal Income Fund II during the second quarter worth $342,000. Harbour Investments Inc. boosted its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 450.0% during the second quarter. Harbour Investments Inc. now owns 11,000 shares of the company’s stock worth $155,000 after buying an additional 9,000 shares during the period. Finally, Gateway Wealth Partners LLC purchased a new stake in shares of RiverNorth Managed Duration Municipal Income Fund II in the 3rd quarter valued at $1,827,000.