Raymond James Financial Inc. Makes New Investment in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ)

Raymond James Financial Inc. bought a new position in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 23,519 shares of the company’s stock, valued at approximately $351,000.

Separately, Oppenheimer & Co. Inc. boosted its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 102.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 24,337 shares of the company’s stock valued at $364,000 after purchasing an additional 12,319 shares in the last quarter.

RiverNorth Managed Duration Municipal Income Fund II Trading Down 0.6 %

NYSEARCA RMMZ opened at $14.16 on Thursday. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 12 month low of $13.90 and a 12 month high of $16.56. The company’s 50 day simple moving average is $15.48 and its 200 day simple moving average is $15.65.

RiverNorth Managed Duration Municipal Income Fund II Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.0951 per share. This represents a dividend yield of 8.01%. The ex-dividend date is Tuesday, April 15th.