Stifel Financial Corp Lowers Stake in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ)

Stifel Financial Corp decreased its stake in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) by 9.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,877 shares of the company’s stock after selling 3,717 shares during the quarter. Stifel Financial Corp’s holdings in RiverNorth Managed Duration Municipal Income Fund II were worth $570,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. bought a new position in RiverNorth Managed Duration Municipal Income Fund II during the 3rd quarter worth about $196,000. PFG Investments LLC lifted its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 70.0% in the 2nd quarter. PFG Investments LLC now owns 17,000 shares of the company’s stock worth $276,000 after purchasing an additional 7,000 shares during the period. Finally, Wedbush Securities Inc. boosted its stake in shares of 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.

RiverNorth Managed Duration Municipal Income Fund II Price Performance

Shares of NYSEARCA:RMMZ opened at $14.86 on Friday. The firm has a 50 day moving average of $15.76 and a 200 day moving average of $15.98. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 52 week low of $14.76 and a 52 week high of $16.56.

RiverNorth Managed Duration Municipal Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.0974 dividend. This represents a $1.17 annualized dividend and a dividend yield of 7.87%. The ex-dividend date of this dividend is Friday, December 13th.