Oppenheimer & Co. Inc. boosted its stake in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ – Free Report) by 102.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,337 shares of the company’s stock after purchasing an additional 12,319 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in RiverNorth Managed Duration Municipal Income Fund II were worth $364,000 as of its most recent SEC filing.
RiverNorth Managed Duration Municipal Income Fund II Price Performance
RMMZ opened at $15.72 on Friday. The company’s 50-day moving average is $15.63 and its 200 day moving average is $15.81. 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.
RiverNorth Managed Duration Municipal Income Fund II Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a $0.0951 dividend. This represents a yield of 7.49%. The ex-dividend date was Wednesday, January 15th.
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