RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) To Go Ex-Dividend on August 14th

RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Friday, August 14th will be given a dividend of 0.0891 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Friday, August 14th.

RiverNorth Managed Duration Municipal Income Fund II Stock Performance

Shares of RMMZ opened at $15.04 on Friday. 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 has a fifty day simple moving average of $14.84 and a 200 day simple moving average of $14.77.

Institutional Trading of RiverNorth Managed Duration Municipal Income Fund II

Several institutional investors and hedge funds have recently bought and sold shares of RMMZ. Bank of America Corp DE acquired a new stake in RiverNorth Managed Duration Municipal Income Fund II during the 3rd quarter valued at $32,000. Noble Wealth Management PBC boosted its position in RiverNorth Managed Duration Municipal Income Fund II by 416.7% during the second quarter. Noble Wealth Management PBC now owns 6,200 shares of the company’s stock worth $93,000 after purchasing an additional 5,000 shares during the period. Osaic Holdings Inc. increased its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 94.2% in the fourth 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 last quarter. Harbour Investments Inc. increased its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 34.5% in the fourth quarter. Harbour Investments Inc. now owns 19,500 shares of the company’s stock valued at $283,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Rivernorth Capital Management LLC acquired a new position in shares of RiverNorth Managed Duration Municipal Income Fund II in the first quarter valued at $364,000.