International Assets Investment Management LLC bought a new stake in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ – Get Rating) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 25,700 shares of the company's stock, valued at approximately $390,000.

Several other large investors have also recently bought and sold shares of RMMZ. Matisse Capital bought a new position in shares of RiverNorth Managed Duration Municipal Income Fund II during the fourth quarter worth about $1,026,000. Royal Bank of Canada raised its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 4.8% during the third quarter. Royal Bank of Canada now owns 17,216 shares of the company's stock worth $264,000 after acquiring an additional 784 shares during the last quarter. Finally, UBS Group AG raised its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 16.9% during the third quarter. UBS Group AG now owns 136,850 shares of the company's stock worth $2,098,000 after acquiring an additional 19,766 shares during the last quarter.

RiverNorth Managed Duration Municipal Income Fund II Stock Performance

Shares of RMMZ opened at $15.30 on Friday. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 1 year low of $13.94 and a 1 year high of $18.34. The business has a 50-day moving average of $15.41 and a 200-day moving average of $15.41.

RiverNorth Managed Duration Municipal Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.0971 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 7.62%.

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