RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) To Go Ex-Dividend on June 15th

RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) announced a monthly dividend on Wednesday, April 1st. Investors of record on Monday, June 15th will be paid a dividend of 0.0891 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Monday, June 15th.

RiverNorth Managed Duration Municipal Income Fund II Trading Down 0.1%

RiverNorth Managed Duration Municipal Income Fund II stock traded down $0.01 during midday trading on Friday, reaching $14.87. The stock had a trading volume of 19,470 shares, compared to its average volume of 19,599. RiverNorth Managed Duration Municipal Income Fund II has a 12 month low of $13.83 and a 12 month high of $15.29. The firm’s 50-day moving average price is $14.82 and its 200 day moving average price is $14.75.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC bought a new stake in RiverNorth Managed Duration Municipal Income Fund II in the 1st quarter valued at about $364,000. Royal Bank of Canada lifted its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 3.9% in the first quarter. Royal Bank of Canada now owns 200,131 shares of the company’s stock worth $2,940,000 after buying an additional 7,598 shares in the last quarter. Gateway Wealth Partners LLC boosted its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 120.8% in the first quarter. Gateway Wealth Partners LLC now owns 291,298 shares of the company’s stock valued at $4,279,000 after acquiring an additional 159,344 shares during the period. Osaic Holdings Inc. grew its stake in 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 acquiring an additional 6,029 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in RiverNorth Managed Duration Municipal Income Fund II by 3.3% during the 4th quarter. Wells Fargo & Company MN now owns 198,203 shares of the company’s stock worth $2,878,000 after acquiring an additional 6,400 shares during the period.