Harbour Investments Inc. Boosts Holdings in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ)

Harbour Investments Inc. lifted its stake in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) by 100.0% in the fourth quarter, Holdings Channel reports. The firm owned 2,000 shares of the company’s stock after buying an additional 1,000 shares during the period. Harbour Investments Inc.’s holdings in RiverNorth Managed Duration Municipal Income Fund II were worth $30,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in RiverNorth Managed Duration Municipal Income Fund II during the 4th quarter worth approximately $351,000. Oppenheimer & Co. Inc. boosted its stake in shares of RiverNorth Managed Duration Municipal Income Fund II by 102.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 24,337 shares of the company’s stock worth $364,000 after acquiring an additional 12,319 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new stake in shares of RiverNorth Managed Duration Municipal Income Fund II during the fourth quarter worth approximately $1,798,000.

RiverNorth Managed Duration Municipal Income Fund II Stock Performance

Shares of RMMZ stock opened at $15.38 on Tuesday. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a fifty-two week low of $14.70 and a fifty-two week high of $16.56. The stock’s fifty day moving average is $15.67 and its two-hundred day moving average is $15.76.

RiverNorth Managed Duration Municipal Income Fund II Cuts Dividend

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