RiverNorth Managed Duration Municipal Income Fund II, Inc. $RMMZ Shares Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC boosted its holdings in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) by 120.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 291,298 shares of the company’s stock after acquiring an additional 159,344 shares during the quarter. Gateway Wealth Partners LLC’s holdings in RiverNorth Managed Duration Municipal Income Fund II were worth $4,279,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Osaic Holdings Inc. boosted its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 94.2% during the 4th quarter. Osaic Holdings Inc. now owns 12,428 shares of the company’s stock worth $180,000 after purchasing an additional 6,029 shares in the last quarter. Royal Bank of Canada grew its stake in shares of RiverNorth Managed Duration Municipal Income Fund II by 11.9% during the 4th quarter. Royal Bank of Canada now owns 192,533 shares of the company’s stock worth $2,796,000 after purchasing an additional 20,473 shares during the period. Wells Fargo & Company MN increased its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 3.3% in the 4th quarter. Wells Fargo & Company MN now owns 198,203 shares of the company’s stock valued at $2,878,000 after purchasing an additional 6,400 shares in the last quarter. Closed End Fund Advisors Inc. purchased a new position in shares of RiverNorth Managed Duration Municipal Income Fund II in the 4th quarter valued at about $564,000. Finally, Harbour Investments Inc. lifted 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 valued at $283,000 after purchasing an additional 5,000 shares during the period.

RiverNorth Managed Duration Municipal Income Fund II Price Performance

RMMZ stock opened at $14.65 on Tuesday. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 52 week low of $13.91 and a 52 week high of $15.29. The company’s 50-day moving average price is $14.85 and its 200 day moving average price is $14.80.

RiverNorth Managed Duration Municipal Income Fund II Announces Dividend

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