Stratos Wealth Partners LTD. Has $6.23 Million Stock Position in Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM)

Stratos Wealth Partners LTD. increased its stake in Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 432,452 shares of the company’s stock after buying an additional 4,366 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Rivernorth Managed Duration Municipal Income Fund were worth $6,234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CreativeOne Wealth LLC lifted its stake in Rivernorth Managed Duration Municipal Income Fund by 13.0% in the third quarter. CreativeOne Wealth LLC now owns 11,968 shares of the company’s stock valued at $192,000 after acquiring an additional 1,378 shares during the last quarter. XML Financial LLC raised its holdings in shares of Rivernorth Managed Duration Municipal Income Fund by 5.8% in the 3rd quarter. XML Financial LLC now owns 25,399 shares of the company’s stock valued at $408,000 after purchasing an additional 1,399 shares during the period. World Investment Advisors LLC acquired a new stake in Rivernorth Managed Duration Municipal Income Fund in the 3rd quarter valued at about $426,000. Truist Financial Corp grew its holdings in Rivernorth Managed Duration Municipal Income Fund by 20.7% during the second quarter. Truist Financial Corp now owns 28,500 shares of the company’s stock worth $435,000 after purchasing an additional 4,886 shares during the period. Finally, U.S. Capital Wealth Advisors LLC increased its position in Rivernorth Managed Duration Municipal Income Fund by 3.8% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 98,325 shares of the company’s stock worth $1,417,000 after buying an additional 3,630 shares during the last quarter.

Rivernorth Managed Duration Municipal Income Fund Stock Performance

NYSEARCA:RMM opened at $15.03 on Thursday. Rivernorth Managed Duration Municipal Income Fund Inc. has a 12-month low of $14.35 and a 12-month high of $16.37. The stock’s 50 day moving average price is $15.03 and its two-hundred day moving average price is $15.42.

Rivernorth Managed Duration Municipal Income Fund Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a $0.0905 dividend. This represents a yield of 7.32%. The ex-dividend date was Wednesday, January 15th.

Rivernorth Managed Duration Municipal Income Fund Company Profile

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.