RiverNorth Managed Duration Municipal Income Fund II (NYSEARCA:RMMZ) Trading Up 0.3% – Here’s Why

RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ)’s stock price traded up 0.3% during mid-day trading on Wednesday . The company traded as high as $14.89 and last traded at $14.80. 18,589 shares were traded during trading, a decline of 6% from the average session volume of 19,725 shares. The stock had previously closed at $14.76.

RiverNorth Managed Duration Municipal Income Fund II Trading Up 0.3%

The business has a fifty day moving average of $14.76 and a 200-day moving average of $14.75.

RiverNorth Managed Duration Municipal Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.0891 per share. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Monday, June 15th.

Institutional Trading of RiverNorth Managed Duration Municipal Income Fund II

A number of large investors have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC bought a new stake in RiverNorth Managed Duration Municipal Income Fund II during the first quarter worth approximately $364,000. Royal Bank of Canada lifted its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 3.9% during the first quarter. Royal Bank of Canada now owns 200,131 shares of the company’s stock valued at $2,940,000 after purchasing an additional 7,598 shares during the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 120.8% during the first quarter. Gateway Wealth Partners LLC now owns 291,298 shares of the company’s stock valued at $4,279,000 after purchasing an additional 159,344 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 94.2% during the fourth quarter. Osaic Holdings Inc. now owns 12,428 shares of the company’s stock valued at $180,000 after purchasing an additional 6,029 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 3.3% during the fourth 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 during the last quarter.