PFG Investments LLC Has $276,000 Holdings in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ)

PFG Investments LLC grew its stake in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) by 70.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Prudent Investors Network Inc. acquired a new position in RiverNorth Managed Duration Municipal Income Fund II during the first quarter worth $169,000. Fairhaven Wealth Management LLC acquired a new position in RiverNorth Managed Duration Municipal Income Fund II during the first quarter worth $272,000. Finally, &PARTNERS boosted its holdings in RiverNorth Managed Duration Municipal Income Fund II by 15.7% during the second quarter. &PARTNERS now owns 18,412 shares of the company’s stock worth $299,000 after purchasing an additional 2,500 shares during the last quarter.

RiverNorth Managed Duration Municipal Income Fund II Stock Performance

Shares of RMMZ opened at $16.10 on Friday. The firm has a fifty day simple moving average of $15.99 and a 200 day simple moving average of $15.93. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 12 month low of $12.92 and a 12 month high of $16.42.

RiverNorth Managed Duration Municipal Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.0974 per share. This represents a $1.17 annualized dividend and a yield of 7.26%. The ex-dividend date is Friday, September 13th.