Gateway Wealth Partners LLC Acquires New Stake in RiverNorth Managed Duration Municipal Income Fund II, Inc. $RMMZ

Gateway Wealth Partners LLC bought a new position in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 121,823 shares of the company’s stock, valued at approximately $1,827,000.

Separately, Royal Bank of Canada boosted its position in RiverNorth Managed Duration Municipal Income Fund II by 1.5% during the first quarter. Royal Bank of Canada now owns 166,656 shares of the company’s stock worth $2,537,000 after acquiring an additional 2,479 shares during the last quarter.

Insiders Place Their Bets

In other RiverNorth Managed Duration Municipal Income Fund II news, Portfolio Manager Robert A. Dimella sold 10,060 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $14.98, for a total value of $150,698.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

RiverNorth Managed Duration Municipal Income Fund II Trading Up 0.1%

RMMZ stock opened at $15.03 on Monday. The firm has a 50-day moving average of $14.69 and a two-hundred day moving average of $14.72. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 12 month low of $13.79 and a 12 month high of $16.29.

RiverNorth Managed Duration Municipal Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $0.0891 per share. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 7.1%.