Raymond James & Associates Acquires Shares of 10,325 RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ)

Raymond James & Associates acquired a new position in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,325 shares of the company’s stock, valued at approximately $166,000.

A number of other institutional investors have also added to or reduced their stakes in RMMZ. Karpus Management Inc. lifted its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 0.8% during the first quarter. Karpus Management Inc. now owns 394,954 shares of the company’s stock valued at $5,952,000 after purchasing an additional 3,069 shares in the last quarter. UBS Group AG lifted its position in RiverNorth Managed Duration Municipal Income Fund II by 8.6% during the first quarter. UBS Group AG now owns 157,331 shares of the company’s stock valued at $2,371,000 after purchasing an additional 12,482 shares during the last quarter. Morgan Stanley lifted its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 44.6% in the 4th quarter. Morgan Stanley now owns 111,614 shares of the company’s stock worth $1,694,000 after acquiring an additional 34,432 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of RiverNorth Managed Duration Municipal Income Fund II by 19.9% in the fourth quarter. Wells Fargo & Company MN now owns 35,666 shares of the company’s stock worth $541,000 after buying an additional 5,931 shares during the period. Finally, Royal Bank of Canada purchased a new position in shares of RiverNorth Managed Duration Municipal Income Fund II in the first quarter worth $455,000.

RiverNorth Managed Duration Municipal Income Fund II Stock Down 0.4 %

NYSEARCA:RMMZ opened at $14.34 on Tuesday. The firm’s 50-day moving average price is $14.32 and its 200-day moving average price is $15.20. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 1-year low of $12.92 and a 1-year high of $16.99.