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RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) to Issue $0.10 Monthly Dividend

kopsource ·  Jan 5, 2023 17:51

RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ – Get Rating) announced a monthly dividend on Thursday, January 5th, Wall Street Journal reports. Investors of record on Wednesday, February 15th will be given a dividend of 0.0971 per share on Tuesday, February 28th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 7.44%. The ex-dividend date of this dividend is Tuesday, February 14th.

RiverNorth Managed Duration Municipal Income Fund II Stock Up 1.4 %

Shares of RiverNorth Managed Duration Municipal Income Fund II stock traded up $0.22 during trading on Thursday, reaching $15.67. The company's stock had a trading volume of 25,783 shares, compared to its average volume of 34,094. RiverNorth Managed Duration Municipal Income Fund II has a 12-month low of $13.94 and a 12-month high of $20.50. The business has a 50 day moving average price of $15.12 and a 200-day moving average price of $15.93.

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Institutional Trading of RiverNorth Managed Duration Municipal Income Fund II

A hedge fund recently raised its stake in RiverNorth Managed Duration Municipal Income Fund II stock. Royal Bank of Canada raised its stake in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ – Get Rating) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,216 shares of the company's stock after acquiring an additional 784 shares during the quarter. Royal Bank of Canada's holdings in RiverNorth Managed Duration Municipal Income Fund II were worth $264,000 at the end of the most recent quarter.

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