RiverNorth Managed Duration Municipal Income Fund II, Inc. $RMMZ Shares Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. increased its holdings in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) by 397.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 73,819 shares of the company’s stock after acquiring an additional 58,972 shares during the period. Wedbush Securities Inc.’s holdings in RiverNorth Managed Duration Municipal Income Fund II were worth $1,095,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in RMMZ. Noble Wealth Management PBC grew its stake in shares of RiverNorth Managed Duration Municipal Income Fund II by 416.7% in the second quarter. Noble Wealth Management PBC now owns 6,200 shares of the company’s stock valued at $93,000 after buying an additional 5,000 shares in the last quarter. Rivernorth Capital Management LLC purchased a new position in shares of RiverNorth Managed Duration Municipal Income Fund II in the first quarter valued at approximately $364,000. Royal Bank of Canada grew its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 3.9% in the first 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 in the last quarter. Gateway Wealth Partners LLC increased its stake in RiverNorth Managed Duration Municipal Income Fund II by 120.8% during the 1st quarter. Gateway Wealth Partners LLC now owns 291,298 shares of the company’s stock worth $4,279,000 after buying an additional 159,344 shares during the period. Finally, Osaic Holdings Inc. boosted its position in RiverNorth Managed Duration Municipal Income Fund II by 94.2% in the 4th quarter. Osaic Holdings Inc. now owns 12,428 shares of the company’s stock valued at $180,000 after buying an additional 6,029 shares during the period.

RiverNorth Managed Duration Municipal Income Fund II Stock Down 1.3%

RiverNorth Managed Duration Municipal Income Fund II stock opened at $14.90 on Tuesday. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a twelve month low of $14.16 and a twelve month high of $15.29. The stock’s fifty day simple moving average is $14.84 and its 200-day simple moving average is $14.81.

RiverNorth Managed Duration Municipal Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were paid a $0.0891 dividend. The ex-dividend date was Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 7.2%.