RiverNorth Managed Duration Municipal Income Fund
RMM
48 hedge funds and large institutions have $46.9M invested in RiverNorth Managed Duration Municipal Income Fund in 2024 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 3 closing their positions.
333% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 3
21% more capital inflows, than outflows
Capital inflows: $7.31M | Capital outflows: $6.04M
20% more funds holding
Funds holding: 40 → 48 (+8)
0.15% more ownership
Funds ownership: 16.32% → 16.46% (+0.15%)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.84M |
| 2 |
Logan Stone Capital
Chicago,
Illinois
|
+$1.28M |
| 3 |
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$459K |
| 4 |
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
+$433K |
| 5 |
Readystate Asset Management
Chicago,
Illinois
|
+$413K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kestra Advisory Services
Austin,
Texas
|
-$2.63M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$911K |
| 3 |
Morgan Stanley
New York
|
-$758K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$475K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$448K |
RMM Hedge Fund Activity: Q4 2024 in Review
48 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund (RMM) for Q4 2024, worth a combined $46.9M — down 9.5% from $51.8M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new RMM positions and 3 closed out — a net gain of 10 holders — while 13 added to existing stakes and 13 trimmed.
The largest buyer was UBS Group, adding an estimated $1.84M. The largest seller was Kestra Advisory Services, exiting entirely with an estimated $2.63M sold.
- 48 institutional investors held RiverNorth Managed Duration Municipal Income Fund (RMM) as of Q4 2024, up from 40 in Q3 2024.
- Funds reported $46.9M of RiverNorth Managed Duration Municipal Income Fund stock for Q4 2024, down 9.5% quarter-over-quarter.
- 13 funds opened new RiverNorth Managed Duration Municipal Income Fund positions in Q4 2024 and 3 closed out, a net change of +10 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund buyer in Q4 2024 was UBS Group, an estimated $1.84M added.
- The largest RiverNorth Managed Duration Municipal Income Fund seller in Q4 2024 was Kestra Advisory Services, an estimated $2.63M sold.
Based on aggregated 13F filings for Q4 2024.