Karpus Management Inc. reduced its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ – Free Report) by 14.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,848 shares of the company’s stock after selling 38,408 shares during the period. Karpus Management Inc.’s holdings in RiverNorth Managed Duration Municipal Income Fund II were worth $3,643,000 at the end of the most recent reporting period.
Separately, PFG Investments LLC bought a new stake in shares of RiverNorth Managed Duration Municipal Income Fund II during the first quarter valued at approximately $161,000.
RiverNorth Managed Duration Municipal Income Fund II Stock Up 0.6 %
Shares of RMMZ traded up $0.10 during mid-day trading on Thursday, hitting $15.94. 24,400 shares of the company traded hands, compared to its average volume of 20,156. The stock has a 50-day moving average price of $15.99 and a two-hundred day moving average price of $15.91. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 1 year low of $12.92 and a 1 year high of $16.70.
RiverNorth Managed Duration Municipal Income Fund II Announces Dividend
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