24,321 Shares in RiverNorth Managed Duration Municipal Income Fund II, Inc. $RMMZ Bought by River Street Advisors LLC

River Street Advisors LLC purchased a new position in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,321 shares of the company’s stock, valued at approximately $342,000.

Several other institutional investors have also bought and sold shares of the stock. Royal Bank of Canada boosted its position in RiverNorth Managed Duration Municipal Income Fund II by 1.5% in the first quarter. Royal Bank of Canada now owns 166,656 shares of the company’s stock worth $2,537,000 after purchasing an additional 2,479 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in RiverNorth Managed Duration Municipal Income Fund II by 51.7% in the first quarter. Oppenheimer & Co. Inc. now owns 36,908 shares of the company’s stock worth $562,000 after purchasing an additional 12,571 shares during the last quarter. Arlington Capital Management Inc. boosted its position in RiverNorth Managed Duration Municipal Income Fund II by 12.2% in the first quarter. Arlington Capital Management Inc. now owns 16,134 shares of the company’s stock worth $246,000 after purchasing an additional 1,750 shares during the last quarter. Finally, PFG Investments LLC boosted its position in RiverNorth Managed Duration Municipal Income Fund II by 7.7% in the second quarter. PFG Investments LLC now owns 14,000 shares of the company’s stock worth $197,000 after purchasing an additional 1,000 shares during the last quarter.

RiverNorth Managed Duration Municipal Income Fund II Price Performance

RMMZ stock opened at $14.91 on Friday. The stock’s fifty day simple moving average is $14.59 and its two-hundred day simple moving average is $14.45. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 1-year low of $13.79 and a 1-year high of $16.56.

RiverNorth Managed Duration Municipal Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.0951 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, December 15th.

Insider Activity at RiverNorth Managed Duration Municipal Income Fund II

In other news, Portfolio Manager Stephen Andrew O’neill purchased 5,000 shares of the company’s stock in a transaction dated Thursday, July 17th. The shares were purchased at an average price of $12.60 per share, with a total value of $63,000.00. Following the transaction, the portfolio manager directly owned 25,000 shares of the company’s stock, valued at approximately $315,000. This represents a 25.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.