Steward Partners Investment Advisory LLC Sells 3,750 Shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ)

Steward Partners Investment Advisory LLC cut its holdings in RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSEARCA:RMMZ) by 60.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,500 shares of the company’s stock after selling 3,750 shares during the period. Steward Partners Investment Advisory LLC’s holdings in RiverNorth Managed Duration Municipal Income Fund II were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Oppenheimer & Co. Inc. boosted its holdings 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 valued at $364,000 after purchasing an additional 12,319 shares during the period.

RiverNorth Managed Duration Municipal Income Fund II Price Performance

Shares of NYSEARCA:RMMZ opened at $15.21 on Wednesday. The firm has a fifty day moving average price of $15.66 and a two-hundred day moving average price of $15.78. RiverNorth Managed Duration Municipal Income Fund II, Inc. has a one year low of $14.70 and a one year high of $16.56.

RiverNorth Managed Duration Municipal Income Fund II Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a $0.0951 dividend. This represents a yield of 7.49%. The ex-dividend date was Wednesday, January 15th.