RiverNorth Managed Duration Municipal Income Fund
RMM
43 hedge funds and large institutions have $49M invested in RiverNorth Managed Duration Municipal Income Fund in 2024 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 2 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 13
7% more capital invested
Capital invested by funds: $45.8M → $49M (+$3.25M)
0.77% more ownership
Funds ownership: 15.51% → 16.28% (+0.77%)
0% more funds holding
Funds holding: 43 → 43 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$2.32M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.02M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$751K |
| 4 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$284K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$269K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.73M |
| 2 |
Morgan Stanley
New York
|
-$577K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$214K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$203K |
| 5 |
Jane Street
New York
|
-$191K |
RMM Hedge Fund Activity: Q2 2024 in Review
43 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q2 2024, worth a combined $49M — up 7.1% from $45.8M a quarter earlier.
Fund positioning in RMM was balanced in Q2 2024: 2 funds opened new positions, 2 closed out, 18 added to existing stakes and 13 trimmed.
The largest buyer was Kestra Advisory Services, opening a new position worth an estimated $2.32M. The largest seller was Osaic Holdings, cutting an estimated $1.73M.
- 43 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q2 2024, unchanged from Q1 2024.
- Funds reported $49M of RiverNorth Managed Duration Municipal Income Fund stock for Q2 2024, up 7.1% quarter-over-quarter.
- 2 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q2 2024 and 2 closed out, a net change of 0 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q2 2024 was Kestra Advisory Services, an estimated $2.32M added.
- The largest RiverNorth Managed Duration Municipal Income Fund seller in Q2 2024 was Osaic Holdings, an estimated $1.73M sold.
Based on aggregated 13F filings for Q2 2024.