Wedbush Securities Inc. Raises Stock Holdings in RiverNorth Managed Duration Municipal Income Fund II, Inc. $RMMZ

Wedbush Securities Inc. grew its stake in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) by 397.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,819 shares of the company’s stock after purchasing an additional 58,972 shares during the quarter. Wedbush Securities Inc.’s holdings in RiverNorth Managed Duration Municipal Income Fund II were worth $1,095,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in RiverNorth Managed Duration Municipal Income Fund II by 1.5% in the 1st quarter. Royal Bank of Canada now owns 166,656 shares of the company’s stock worth $2,537,000 after acquiring an additional 2,479 shares in the last quarter. UBS Group AG raised its holdings 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. Raymond James Financial Inc. grew its holdings in RiverNorth Managed Duration Municipal Income Fund II by 49.8% during the 3rd quarter. Raymond James Financial Inc. now owns 29,330 shares of the company’s stock worth $440,000 after acquiring an additional 9,749 shares in the last quarter. Bank of America Corp DE purchased a new position in RiverNorth Managed Duration Municipal Income Fund II during the 3rd quarter valued at about $32,000. Finally, Harbour Investments Inc. boosted its position in RiverNorth Managed Duration Municipal Income Fund II by 34.5% during the 4th quarter. Harbour Investments Inc. now owns 19,500 shares of the company’s stock valued at $283,000 after acquiring an additional 5,000 shares in the last quarter.

RiverNorth Managed Duration Municipal Income Fund II Stock Down 1.3%

Shares of RMMZ stock opened at $14.90 on Tuesday. The business’s fifty day simple moving average is $14.84 and its 200-day simple moving average is $14.81. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 12-month low of $14.16 and a 12-month high of $15.29.

RiverNorth Managed Duration Municipal Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.0891 per share. The ex-dividend date was Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.