RiverNorth Managed Duration Municipal Income Fund
RMM
28 hedge funds and large institutions have $29.1M invested in RiverNorth Managed Duration Municipal Income Fund in 2022 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 3 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
0.47% more ownership
Funds ownership: 9.61% → 10.07% (+0.47%)
0% more funds holding
Funds holding: 28 → 28 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
3% less capital invested
Capital invested by funds: $29.9M → $29.1M (-$862K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
XF
XML Financial
Bethesda,
Maryland
|
+$481K |
| 2 |
USCWA
U.S. Capital Wealth Advisors
Austin,
Texas
|
+$339K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$237K |
| 4 |
Morgan Stanley
New York
|
+$178K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$171K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCPG
Kavar Capital Partners Group
Leawood,
Kansas
|
-$353K |
| 2 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$208K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$111K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$65K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$29.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Rockefeller Capital Management
New York
| $102K | +$32.3K | +2,012 | +40% |
|
|
HI
27
Harbour Investments
Madison,
Wisconsin
| $57K | – | – | – |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| $4K | +$3.9K | +243 | New |
|
|
KCPG
29
Kavar Capital Partners Group
Leawood,
Kansas
| – | -$353K | -22,350 | Closed |
|
|
SWM
30
Spire Wealth Management
Mclean,
Virginia
| – | -$9K | -600 | Closed |
|
31
Bessemer Group
Woodbridge,
New Jersey
| – | -$2K | -126 | Closed |
|
RMM Hedge Fund Activity: Q3 2022 in Review
28 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q3 2022, worth a combined $29.1M — down 2.9% from $29.9M a quarter earlier.
Fund positioning in RMM was balanced in Q3 2022: 3 funds opened new positions, 3 closed out, 15 added to existing stakes and 8 trimmed.
The largest buyer was XML Financial, opening a new position worth an estimated $481K. The largest seller was Kavar Capital Partners Group, exiting entirely with an estimated $353K sold.
- 28 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q3 2022, unchanged from Q2 2022.
- Funds reported $29.1M of RiverNorth Managed Duration Municipal Income Fund stock for Q3 2022, down 2.9% quarter-over-quarter.
- 3 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q3 2022 and 3 closed out, a net change of 0 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q3 2022 was XML Financial, an estimated $481K added.
- The largest RiverNorth Managed Duration Municipal Income Fund seller in Q3 2022 was Kavar Capital Partners Group, an estimated $353K sold.
Based on aggregated 13F filings for Q3 2022.