Arlington Capital Management Inc. Purchases New Position in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ)

Arlington Capital Management Inc. acquired a new position in shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,384 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. increased its position in RiverNorth Managed Duration Municipal Income Fund II by 100.0% during the 4th quarter. Harbour Investments Inc. now owns 2,000 shares of the company’s stock worth $30,000 after buying an additional 1,000 shares during the period. Raymond James Financial Inc. acquired a new stake in RiverNorth Managed Duration Municipal Income Fund II in the 4th quarter worth about $351,000. Oppenheimer & Co. Inc. raised its stake in RiverNorth Managed Duration Municipal Income Fund II by 102.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 24,337 shares of the company’s stock worth $364,000 after purchasing an additional 12,319 shares in the last quarter. LPL Financial LLC boosted its holdings in RiverNorth Managed Duration Municipal Income Fund II by 25.6% in the 4th quarter. LPL Financial LLC now owns 24,969 shares of the company’s stock valued at $373,000 after purchasing an additional 5,097 shares during the period. Finally, Independent Advisor Alliance acquired a new position in shares of RiverNorth Managed Duration Municipal Income Fund II during the 4th quarter worth approximately $1,798,000.

RiverNorth Managed Duration Municipal Income Fund II Trading Down 0.1 %

NYSEARCA RMMZ opened at $15.36 on Wednesday. The company has a 50 day moving average of $15.67 and a 200-day moving average of $15.76. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a 1-year low of $14.70 and a 1-year high of $16.56.

RiverNorth Managed Duration Municipal Income Fund II Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a dividend of $0.0951 per share. The ex-dividend date was Wednesday, January 15th. This represents a dividend yield of 7.49%.