Landscape Capital Management L.L.C. Purchases New Position in Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM)

Landscape Capital Management L.L.C. acquired a new position in shares of Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,550 shares of the company’s stock, valued at approximately $152,000.

A number of other institutional investors also recently made changes to their positions in the company. Noble Wealth Management PBC bought a new position in Rivernorth Managed Duration Municipal Income Fund during the fourth quarter worth about $94,000. Wolverine Asset Management LLC bought a new stake in Rivernorth Managed Duration Municipal Income Fund in the 4th quarter valued at about $122,000. Oppenheimer & Co. Inc. grew its position in shares of Rivernorth Managed Duration Municipal Income Fund by 14.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 25,200 shares of the company’s stock worth $363,000 after purchasing an additional 3,200 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of Rivernorth Managed Duration Municipal Income Fund during the fourth quarter worth approximately $402,000. Finally, World Investment Advisors raised its position in shares of Rivernorth Managed Duration Municipal Income Fund by 9.4% in the fourth quarter. World Investment Advisors now owns 29,000 shares of the company’s stock valued at $418,000 after buying an additional 2,500 shares in the last quarter.

Rivernorth Managed Duration Municipal Income Fund Price Performance

Shares of NYSEARCA:RMM opened at $13.05 on Wednesday. The business’s 50 day simple moving average is $14.68 and its 200 day simple moving average is $15.13. Rivernorth Managed Duration Municipal Income Fund Inc. has a 1 year low of $13.05 and a 1 year high of $16.37.

Rivernorth Managed Duration Municipal Income Fund Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.0905 dividend. This represents a dividend yield of 8.32%. The ex-dividend date of this dividend is Tuesday, April 15th.

About Rivernorth Managed Duration Municipal Income Fund

Rivernorth Managed Duration Municipal Income Fund Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities.