Rivernorth Managed Duration Municipal Income Fund Inc. $RMM Shares Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC lifted its position in Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) by 52.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,549 shares of the company’s stock after purchasing an additional 10,572 shares during the period. Wolverine Asset Management LLC’s holdings in Rivernorth Managed Duration Municipal Income Fund were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in RMM. Janney Montgomery Scott LLC raised its position in Rivernorth Managed Duration Municipal Income Fund by 7.0% during the first quarter. Janney Montgomery Scott LLC now owns 15,304 shares of the company’s stock worth $219,000 after acquiring an additional 1,000 shares during the period. World Investment Advisors raised its position in Rivernorth Managed Duration Municipal Income Fund by 316.6% during the first quarter. World Investment Advisors now owns 120,800 shares of the company’s stock worth $1,730,000 after acquiring an additional 91,800 shares during the period. Stratos Wealth Partners LTD. raised its position in Rivernorth Managed Duration Municipal Income Fund by 1.6% during the first quarter. Stratos Wealth Partners LTD. now owns 439,443 shares of the company’s stock worth $6,293,000 after acquiring an additional 6,991 shares during the period. Apollon Wealth Management LLC raised its position in Rivernorth Managed Duration Municipal Income Fund by 39.5% during the first quarter. Apollon Wealth Management LLC now owns 38,945 shares of the company’s stock worth $558,000 after acquiring an additional 11,034 shares during the period. Finally, Wedbush Securities Inc. raised its position in Rivernorth Managed Duration Municipal Income Fund by 11.2% during the first quarter. Wedbush Securities Inc. now owns 21,412 shares of the company’s stock worth $307,000 after acquiring an additional 2,153 shares during the period.

Rivernorth Managed Duration Municipal Income Fund Stock Performance

NYSEARCA:RMM opened at $14.13 on Monday. The company has a fifty day moving average of $13.91 and a two-hundred day moving average of $13.75. Rivernorth Managed Duration Municipal Income Fund Inc. has a fifty-two week low of $12.55 and a fifty-two week high of $16.29.

Rivernorth Managed Duration Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.0905 per share. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

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.