RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) to Issue Monthly Dividend of $0.09 on May 29th

RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.0891 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, May 15th.

RiverNorth Managed Duration Municipal Income Fund II Stock Up 0.3%

Shares of RiverNorth Managed Duration Municipal Income Fund II stock traded up $0.05 on Wednesday, hitting $15.00. 9,290 shares of the company’s stock traded hands, compared to its average volume of 19,858. The company has a fifty day moving average of $14.75 and a two-hundred day moving average of $14.78. RiverNorth Managed Duration Municipal Income Fund II has a one year low of $13.83 and a one year high of $15.29.

Institutional Trading of RiverNorth Managed Duration Municipal Income Fund II

Several large investors have recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in RiverNorth Managed Duration Municipal Income Fund II during the 3rd quarter worth approximately $32,000. Osaic Holdings Inc. grew its position in RiverNorth Managed Duration Municipal Income Fund II by 94.2% in the 4th 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 period. Harbour Investments Inc. grew its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 34.5% during the fourth quarter. Harbour Investments Inc. now owns 19,500 shares of the company’s stock valued at $283,000 after buying an additional 5,000 shares during the last quarter. Raymond James Financial Inc. grew its holdings in RiverNorth Managed Duration Municipal Income Fund II by 49.8% during the third quarter. Raymond James Financial Inc. now owns 29,330 shares of the company’s stock worth $440,000 after buying an additional 9,749 shares in the last quarter. Finally, Closed End Fund Advisors Inc. purchased a new stake in RiverNorth Managed Duration Municipal Income Fund II in the 4th quarter valued at about $564,000.