Independent Advisor Alliance purchased a new stake in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ – Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 120,346 shares of the company’s stock, valued at approximately $1,798,000.
Separately, Oppenheimer & Co. Inc. purchased a new position in shares of RiverNorth Managed Duration Municipal Income Fund II during the 3rd quarter worth approximately $196,000.
RiverNorth Managed Duration Municipal Income Fund II Price Performance
Shares of NYSEARCA RMMZ opened at $15.36 on Friday. The business’s 50 day moving average is $15.67 and its two-hundred day moving average is $15.80. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 52-week low of $14.70 and a 52-week high of $16.56.
RiverNorth Managed Duration Municipal Income Fund II Cuts Dividend
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