RiverNorth Managed Duration Municipal Income Fund
RMM
15 hedge funds and large institutions have $18.7M invested in RiverNorth Managed Duration Municipal Income Fund in 2019 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 4 increasing their positions, 2 reducing their positions, and closing their positions.
150% more funds holding
Funds holding: 6 → 15 (+9)
100% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 2
33% more capital invested
Capital invested by funds: $14M → $18.7M (+$4.69M)
1.47% more ownership
Funds ownership: 3.83% → 5.3% (+1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.82M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.08M |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
+$784K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$597K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$559K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.15M |
| 2 |
VF
Virtu Financial
New York
|
-$210K |
RMM Hedge Fund Activity: Q4 2019 in Review
15 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q4 2019, worth a combined $18.7M — up 33% from $14M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new RMM positions and 0 closed out — a net gain of 9 holders — while 4 added to existing stakes and 2 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $1.82M. The largest seller was Wells Fargo, cutting an estimated $1.15M.
- 15 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q4 2019, up from 6 in Q3 2019.
- Funds reported $18.7M of RiverNorth Managed Duration Municipal Income Fund stock for Q4 2019, up 33% quarter-over-quarter.
- 9 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q4 2019 and 0 closed out, a net change of +9 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q4 2019 was Royal Bank of Canada, an estimated $1.82M added.
- The largest RiverNorth Managed Duration Municipal Income Fund seller in Q4 2019 was Wells Fargo, an estimated $1.15M sold.
Based on aggregated 13F filings for Q4 2019.