PFG Investments LLC boosted its position in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ – Free Report) by 70.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,000 shares of the company’s stock after buying an additional 7,000 shares during the quarter. PFG Investments LLC’s holdings in RiverNorth Managed Duration Municipal Income Fund II were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RMMZ. Prudent Investors Network Inc. bought a new position in shares of RiverNorth Managed Duration Municipal Income Fund II in the first quarter valued at about $169,000. Fairhaven Wealth Management LLC bought a new position in shares of RiverNorth Managed Duration Municipal Income Fund II in the first quarter valued at about $272,000. Finally, &PARTNERS raised its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 15.7% in the second quarter. &PARTNERS now owns 18,412 shares of the company’s stock valued at $299,000 after purchasing an additional 2,500 shares during the period.
RiverNorth Managed Duration Municipal Income Fund II Price Performance
Shares of RMMZ opened at $16.10 on Friday. The company’s 50-day moving average is $15.99 and its 200-day moving average is $15.93. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a fifty-two week low of $12.92 and a fifty-two week high of $16.42.
RiverNorth Managed Duration Municipal Income Fund II Announces Dividend
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Want to see what other hedge funds are holding RMMZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ – Free Report).
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