Harbour Investments Inc. Purchases 9,000 Shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. $RMMZ

Harbour Investments Inc. lifted its position in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) by 450.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,000 shares of the company’s stock after purchasing an additional 9,000 shares during the quarter. Harbour Investments Inc.’s holdings in RiverNorth Managed Duration Municipal Income Fund II were worth $155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in RMMZ. River Street Advisors LLC bought a new stake in shares of RiverNorth Managed Duration Municipal Income Fund II during the second quarter valued at approximately $342,000. Oppenheimer & Co. Inc. boosted its holdings in RiverNorth Managed Duration Municipal Income Fund II by 51.7% in the first quarter. Oppenheimer & Co. Inc. now owns 36,908 shares of the company’s stock worth $562,000 after acquiring an additional 12,571 shares in the last quarter. Royal Bank of Canada boosted its holdings in RiverNorth Managed Duration Municipal Income Fund II by 1.5% in the first quarter. Royal Bank of Canada now owns 166,656 shares of the company’s stock worth $2,537,000 after acquiring an additional 2,479 shares in the last quarter. Arlington Capital Management Inc. boosted its holdings in RiverNorth Managed Duration Municipal Income Fund II by 12.2% in the first quarter. Arlington Capital Management Inc. now owns 16,134 shares of the company’s stock worth $246,000 after acquiring an additional 1,750 shares in the last quarter. Finally, PFG Investments LLC boosted its holdings in RiverNorth Managed Duration Municipal Income Fund II by 7.7% in the second quarter. PFG Investments LLC now owns 14,000 shares of the company’s stock worth $197,000 after acquiring an additional 1,000 shares in the last quarter.

RiverNorth Managed Duration Municipal Income Fund II Price Performance

RiverNorth Managed Duration Municipal Income Fund II stock opened at $14.85 on Thursday. The business’s fifty day simple moving average is $14.82 and its two-hundred day simple moving average is $14.42. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 12 month low of $13.79 and a 12 month high of $16.45.

RiverNorth Managed Duration Municipal Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.0951 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Monday, December 15th.