World Investment Advisors Has $268,000 Stake in Rivernorth Managed Duration Municipal Income Fund Inc. $RMM

World Investment Advisors trimmed its position in shares of Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) by 83.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the company’s stock after selling 100,800 shares during the period. World Investment Advisors’ holdings in Rivernorth Managed Duration Municipal Income Fund were worth $268,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SouthState Corp acquired a new stake in Rivernorth Managed Duration Municipal Income Fund during the first quarter worth about $72,000. PFG Investments LLC acquired a new stake in Rivernorth Managed Duration Municipal Income Fund during the second quarter worth about $138,000. Landscape Capital Management L.L.C. grew its stake in Rivernorth Managed Duration Municipal Income Fund by 63.8% during the first quarter. Landscape Capital Management L.L.C. now owns 17,281 shares of the company’s stock worth $247,000 after buying an additional 6,731 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Rivernorth Managed Duration Municipal Income Fund by 13.1% in the second quarter. Janney Montgomery Scott LLC now owns 17,304 shares of the company’s stock worth $232,000 after acquiring an additional 2,000 shares during the last quarter. Finally, River Street Advisors LLC bought a new position in shares of Rivernorth Managed Duration Municipal Income Fund in the second quarter worth about $265,000.

Rivernorth Managed Duration Municipal Income Fund Price Performance

RMM stock opened at $14.18 on Wednesday. Rivernorth Managed Duration Municipal Income Fund Inc. has a 12 month low of $12.55 and a 12 month high of $16.29. The firm has a 50-day moving average price of $13.94 and a 200-day moving average price of $13.76.

Rivernorth Managed Duration Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.0905 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

About Rivernorth Managed Duration Municipal Income Fund

Rivernorth Managed Duration Municipal Income Fund Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities.