RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) To Go Ex-Dividend on June 13th

RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.0951 per share on Monday, June 30th. This represents a $1.14 annualized dividend and a yield of 7.96%. The ex-dividend date of this dividend is Friday, June 13th.

RiverNorth Managed Duration Municipal Income Fund II Stock Performance

NYSEARCA RMMZ opened at $14.34 on Wednesday. The business has a fifty day moving average price of $14.32 and a two-hundred day moving average price of $15.11. RiverNorth Managed Duration Municipal Income Fund II has a fifty-two week low of $13.79 and a fifty-two week high of $16.56.

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

An institutional investor recently raised its position in RiverNorth Managed Duration Municipal Income Fund II stock. Royal Bank of Canada grew its position in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) by 1.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 166,656 shares of the company’s stock after acquiring an additional 2,479 shares during the period. Royal Bank of Canada’s holdings in RiverNorth Managed Duration Municipal Income Fund II were worth $2,537,000 as of its most recent filing with the SEC.