Rivernorth Managed Duration Municipal Income Fund Inc. $RMM Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its position in Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) by 98.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,605 shares of the company’s stock after acquiring an additional 47,358 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Rivernorth Managed Duration Municipal Income Fund were worth $1,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in RMM. Wagner Wealth Management LLC boosted its holdings in Rivernorth Managed Duration Municipal Income Fund by 53.2% in the fourth quarter. Wagner Wealth Management LLC now owns 109,754 shares of the company’s stock worth $1,494,000 after purchasing an additional 38,116 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Rivernorth Managed Duration Municipal Income Fund during the fourth quarter worth $658,000. Kestra Advisory Services LLC bought a new position in shares of Rivernorth Managed Duration Municipal Income Fund in the 4th quarter worth about $67,000. Advocate Investing Services LLC acquired a new position in shares of Rivernorth Managed Duration Municipal Income Fund in the 4th quarter valued at about $34,000. Finally, Wedbush Securities Inc. grew its position in shares of Rivernorth Managed Duration Municipal Income Fund by 3.1% during the 4th quarter. Wedbush Securities Inc. now owns 59,138 shares of the company’s stock valued at $805,000 after buying an additional 1,759 shares during the last quarter.

Rivernorth Managed Duration Municipal Income Fund Trading Up 0.2%

RMM opened at $14.81 on Thursday. Rivernorth Managed Duration Municipal Income Fund Inc. has a fifty-two week low of $13.35 and a fifty-two week high of $14.88. The company’s 50-day moving average price is $14.44 and its 200 day moving average price is $14.19.

Rivernorth Managed Duration Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a dividend of $0.0847 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a c) annualized dividend and a dividend yield of 6.9%.

About Rivernorth Managed Duration Municipal Income Fund

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. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index.