Independent Advisor Alliance Buys Shares of 120,346 RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ)

Independent Advisor Alliance purchased a new stake in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZFree 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

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a $0.0951 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a dividend yield of 7.49%.

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Institutional Ownership by Quarter for RiverNorth Managed Duration Municipal Income Fund II (NYSEARCA:RMMZ)

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