54,100 Shares in RiverNorth Managed Duration Municipal Income Fund II, Inc. $RMMZ Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new position in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSE:RMMZ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 54,100 shares of the company’s stock, valued at approximately $709,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Noble Wealth Management PBC raised its stake in shares of 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 acquiring an additional 5,000 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of RiverNorth Managed Duration Municipal Income Fund II in the 2nd quarter valued at $98,000. Rivernorth Capital Management LLC purchased a new stake in shares of RiverNorth Managed Duration Municipal Income Fund II in the 1st quarter valued at $364,000. Wedbush Securities Inc. boosted its stake in shares of RiverNorth Managed Duration Municipal Income Fund II by 397.2% in the 2nd quarter. Wedbush Securities Inc. now owns 73,819 shares of the company’s stock valued at $1,095,000 after purchasing an additional 58,972 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 3.9% during the 1st quarter. Royal Bank of Canada now owns 200,131 shares of the company’s stock valued at $2,940,000 after purchasing an additional 7,598 shares during the last quarter.

RiverNorth Managed Duration Municipal Income Fund II Trading Up 1.1%

Shares of NYSE:RMMZ opened at $13.97 on Thursday. The company’s fifty day moving average is $13.78 and its 200 day moving average is $14.55. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 52 week low of $12.77 and a 52 week high of $15.29.

RiverNorth Managed Duration Municipal Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.0891 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Tuesday, December 15th.