12,018 Shares in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new position in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,018 shares of the company’s stock, valued at approximately $196,000.

A number of other hedge funds also recently bought and sold shares of the business. Wedbush Securities Inc. raised its stake in RiverNorth Managed Duration Municipal Income Fund II by 4.8% during the second quarter. Wedbush Securities Inc. now owns 54,865 shares of the company’s stock valued at $892,000 after purchasing an additional 2,509 shares in the last quarter. PFG Investments LLC raised its stake in RiverNorth Managed Duration Municipal Income Fund II by 70.0% during the second quarter. PFG Investments LLC now owns 17,000 shares of the company’s stock valued at $276,000 after purchasing an additional 7,000 shares in the last quarter. &PARTNERS raised its stake 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 acquiring an additional 2,500 shares during the period. Finally, Prudent Investors Network Inc. purchased a new stake in shares of RiverNorth Managed Duration Municipal Income Fund II in the first quarter valued at $169,000.

RiverNorth Managed Duration Municipal Income Fund II Price Performance

Shares of RMMZ opened at $15.63 on Friday. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a twelve month low of $14.37 and a twelve month high of $16.56. The company’s fifty day simple moving average is $16.09 and its 200-day simple moving average is $16.01.

RiverNorth Managed Duration Municipal Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.0974 dividend. This represents a $1.17 annualized dividend and a dividend yield of 7.48%. The ex-dividend date is Friday, December 13th.