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 the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $14.98, for a total value of $150,698.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

RiverNorth Managed Duration Municipal Income Fund II Stock Performance

RMMZ 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 200 day moving average price is $14.55.

RiverNorth Managed Duration Municipal Income Fund II Announces Dividend

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

Hedge Funds Weigh In On RiverNorth Managed Duration Municipal Income Fund II

Hedge funds have recently bought and sold shares of the company. UBS Group AG lifted its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 3.5% in the third quarter. UBS Group AG now owns 201,748 shares of the company’s stock valued at $3,026,000 after acquiring an additional 6,802 shares in the last quarter. Royal Bank of Canada boosted its stake 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 worth $2,537,000 after purchasing an additional 2,479 shares during the last quarter. Gateway Wealth Partners LLC acquired a new stake in shares of RiverNorth Managed Duration Municipal Income Fund II during the 3rd quarter worth about $1,827,000. Oppenheimer & Co. Inc. grew its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 21.0% during the third quarter. Oppenheimer & Co. Inc. now owns 59,906 shares of the company’s stock worth $899,000 after buying an additional 10,407 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 49.8% in the third quarter. Raymond James Financial Inc. now owns 29,330 shares of the company’s stock valued at $440,000 after buying an additional 9,749 shares during the last quarter.