RiverNorth Managed Duration Municipal Income Fund II, Inc. $RMMZ Stock Holdings Lessened by Wedbush Securities Inc.

Wedbush Securities Inc. lowered its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSE:RMMZ) by 79.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 14,847 shares of the company’s stock after selling 58,972 shares during the period. Wedbush Securities Inc.’s holdings in RiverNorth Managed Duration Municipal Income Fund II were worth $195,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Gateway Wealth Partners LLC lifted its position in RiverNorth Managed Duration Municipal Income Fund II by 120.8% during the first quarter. Gateway Wealth Partners LLC now owns 291,298 shares of the company’s stock worth $4,279,000 after acquiring an additional 159,344 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of RiverNorth Managed Duration Municipal Income Fund II in the second quarter valued at approximately $98,000. Rivernorth Capital Management LLC grew its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 62.3% in the second quarter. Rivernorth Capital Management LLC now owns 40,249 shares of the company’s stock valued at $605,000 after purchasing an additional 15,447 shares during the last quarter. Royal Bank of Canada grew its position 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 during the last quarter. Finally, Noble Wealth Management PBC increased its stake in shares of RiverNorth Managed Duration Municipal Income Fund II by 416.7% during the second quarter. Noble Wealth Management PBC now owns 6,200 shares of the company’s stock worth $93,000 after purchasing an additional 5,000 shares during the period.

RiverNorth Managed Duration Municipal Income Fund II Trading Down 0.9%

Shares of NYSE RMMZ opened at $13.88 on Friday. The business’s 50 day moving average is $13.83 and its 200-day moving average is $14.56. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 1-year low of $12.77 and a 1-year high of $15.29.

RiverNorth Managed Duration Municipal Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.0891 per share. The ex-dividend date is Tuesday, December 15th. This represents a $1.07 annualized dividend and a yield of 7.7%.