Prudent Investors Network Inc. Makes New $169,000 Investment in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ)

Prudent Investors Network Inc. acquired a new stake in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,461 shares of the company’s stock, valued at approximately $169,000.

Separately, Fairhaven Wealth Management LLC acquired a new stake in RiverNorth Managed Duration Municipal Income Fund II in the 1st quarter valued at $272,000.

RiverNorth Managed Duration Municipal Income Fund II Trading Down 0.1 %

NYSEARCA:RMMZ traded down $0.02 during mid-day trading on Tuesday, hitting $15.91. The company had a trading volume of 26,177 shares, compared to its average volume of 20,445. The business has a fifty day simple moving average of $16.00 and a 200-day simple moving average of $15.91. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 1 year low of $12.92 and a 1 year high of $16.70.

RiverNorth Managed Duration Municipal Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.0974 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.17 annualized dividend and a dividend yield of 7.35%.