RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSE:RMMZ) Shareholders to Receive $0.09 Monthly Dividend

RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSE:RMMZ) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Monday, November 16th will be paid a dividend of $0.0891 per share on Monday, November 30th. This represents a $1.07 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Monday, November 16th.

RiverNorth Managed Duration Municipal Income Fund II Stock Up 0.9%

Shares of RMMZ traded up $0.12 on Friday, hitting $13.29. The company’s stock had a trading volume of 11,724 shares, compared to its average volume of 18,607. RiverNorth Managed Duration Municipal Income Fund II has a fifty-two week low of $12.77 and a fifty-two week high of $15.29. The company has a 50 day moving average price of $14.37 and a 200 day moving average price of $14.66.

Institutional Trading of RiverNorth Managed Duration Municipal Income Fund II

Large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC bought a new position in shares of RiverNorth Managed Duration Municipal Income Fund II in the second quarter valued at about $98,000. Rivernorth Capital Management LLC lifted its position in RiverNorth Managed Duration Municipal Income Fund II by 62.3% during the 2nd quarter. Rivernorth Capital Management LLC now owns 40,249 shares of the company’s stock worth $605,000 after buying an additional 15,447 shares in the last quarter. Wedbush Securities Inc. grew its holdings in RiverNorth Managed Duration Municipal Income Fund II by 397.2% during the 2nd quarter. Wedbush Securities Inc. now owns 73,819 shares of the company’s stock worth $1,095,000 after acquiring an additional 58,972 shares during the last quarter. Noble Wealth Management PBC grew its holdings in RiverNorth Managed Duration Municipal Income Fund II by 416.7% during the 2nd quarter. Noble Wealth Management PBC now owns 6,200 shares of the company’s stock worth $93,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Royal Bank of Canada increased its position in RiverNorth Managed Duration Municipal Income Fund II by 3.9% in the 1st quarter. Royal Bank of Canada now owns 200,131 shares of the company’s stock valued at $2,940,000 after acquiring an additional 7,598 shares in the last quarter.