RiverNorth Managed Duration Municipal Income Fund
RMM
29 hedge funds and large institutions have $56.4M invested in RiverNorth Managed Duration Municipal Income Fund in 2021 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 4 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
0% more funds holding
Funds holding: 29 → 29 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
4% less capital invested
Capital invested by funds: $58.7M → $56.4M (-$2.29M)
1.88% less ownership
Funds ownership: 15.97% → 14.09% (-1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$575K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$490K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$382K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$323K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$320K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$5.53M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.72M |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$969K |
| 4 |
Morgan Stanley
New York
|
-$437K |
| 5 |
6M
6 Meridian
Wichita,
Kansas
|
-$379K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
26
Next Financial Group
Houston,
Texas
| $101K | +$99.5K | +5,000 | New |
|
27
Bank of America
Charlotte,
North Carolina
| $58K | +$28.8K | +1,445 | +103% |
|
28
Rockefeller Capital Management
New York
| $30K | +$29.9K | +1,500 | New |
|
29
Citigroup
New York
| $19K | -$19.2K | -966 | -51% |
|
|
6M
30
6 Meridian
Wichita,
Kansas
| – | -$379K | -20,360 | Closed |
|
|
MIG
31
Mariner Investment Group
Harrison,
New York
| – | -$288K | -15,496 | Closed |
|
|
FIA
32
FNY Investment Advisers
New York
| – | -$154K | -8,299 | Closed |
|
|
WAM
33
Wolverine Asset Management
Chicago,
Illinois
| – | -$68K | -3,682 | Closed |
|
RMM Hedge Fund Activity: Q2 2021 in Review
29 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q2 2021, worth a combined $56.4M — down 3.9% from $58.7M a quarter earlier.
Fund positioning in RMM was balanced in Q2 2021: 4 funds opened new positions, 4 closed out, 12 added to existing stakes and 11 trimmed.
The largest buyer was Wells Fargo, adding an estimated $575K. The largest seller was Robinson Capital Management, cutting an estimated $5.53M.
- 29 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q2 2021, unchanged from Q1 2021.
- Funds reported $56.4M of RiverNorth Managed Duration Municipal Income Fund stock for Q2 2021, down 3.9% quarter-over-quarter.
- 4 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q2 2021 and 4 closed out, a net change of 0 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q2 2021 was Wells Fargo, an estimated $575K added.
- The largest RiverNorth Managed Duration Municipal Income Fund seller in Q2 2021 was Robinson Capital Management, an estimated $5.53M sold.
Based on aggregated 13F filings for Q2 2021.