Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM – Get Rating) announced a dividend on Tuesday, January 3rd, NASDAQ reports. Stockholders of record on Friday, January 13th will be paid a dividend of 0.091 per share on Tuesday, January 31st. The ex-dividend date of this dividend is Thursday, January 12th.
Rivernorth Managed Duration Municipal Income Fund Stock Down 0.7 %
Shares of NYSEARCA:RMM traded down $0.10 during mid-day trading on Thursday, reaching $15.00. 49,332 shares of the stock were exchanged, compared to its average volume of 58,744. The stock's 50 day simple moving average is $14.67 and its 200-day simple moving average is $15.30. Rivernorth Managed Duration Municipal Income Fund has a one year low of $13.43 and a one year high of $20.10.
Get Rivernorth Managed Duration Municipal Income Fund alerts:Insider Transactions at Rivernorth Managed Duration Municipal Income Fund
In other Rivernorth Managed Duration Municipal Income Fund news, President Patrick W. Galley sold 3,000 shares of Rivernorth Managed Duration Municipal Income Fund stock in a transaction on Monday, October 31st. The shares were sold at an average price of $13.62, for a total value of $40,860.00. Following the sale, the president now directly owns 7,000 shares in the company, valued at approximately $95,340. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, President Patrick W. Galley sold 3,000 shares of the firm's stock in a transaction on Monday, October 31st. The shares were sold at an average price of $13.62, for a total value of $40,860.00. Following the completion of the transaction, the president now directly owns 7,000 shares of the company's stock, valued at $95,340. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Patrick W. Galley sold 2,000 shares of the business's stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $13.91, for a total transaction of $27,820.00. Following the transaction, the president now owns 5,000 shares in the company, valued at $69,550. The disclosure for this sale can be found here.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. acquired a new stake in Rivernorth Managed Duration Municipal Income Fund during the 3rd quarter worth approximately $157,000. Royal Bank of Canada increased its position in Rivernorth Managed Duration Municipal Income Fund by 1.3% during the third quarter. Royal Bank of Canada now owns 226,706 shares of the company's stock worth $3,314,000 after acquiring an additional 3,014 shares during the period. Mutual Advisors LLC raised its stake in Rivernorth Managed Duration Municipal Income Fund by 12.2% in the 2nd quarter. Mutual Advisors LLC now owns 13,840 shares of the company's stock worth $219,000 after purchasing an additional 1,500 shares in the last quarter. LPL Financial LLC boosted its holdings in Rivernorth Managed Duration Municipal Income Fund by 52.2% in the 2nd quarter. LPL Financial LLC now owns 21,843 shares of the company's stock valued at $345,000 after purchasing an additional 7,495 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Rivernorth Managed Duration Municipal Income Fund by 511.9% during the 1st quarter. Bank of America Corp DE now owns 29,645 shares of the company's stock worth $510,000 after purchasing an additional 24,800 shares in the last quarter.About Rivernorth Managed Duration Municipal Income Fund
(Get Rating)
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.
Recommended Stories
- Get a free copy of the StockNews.com research report on Rivernorth Managed Duration Municipal Income Fund (RMM)
- Why Is Kraft Heinz Moving Higher
- What will this mean for the Devon Energy stock price this year?
- Nio Stock, Is This The Bottom ?
- Will Trade Desk Inc Bounce Off Its Support Line?
- Conagra Brands: Another Reason To Go Long Consumer Staples In 2023
Receive News & Ratings for Rivernorth Managed Duration Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rivernorth Managed Duration Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.