RiverNorth Managed Duration Municipal Income Fund II
RMMZ
22 hedge funds and large institutions have $19.7M invested in RiverNorth Managed Duration Municipal Income Fund II in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
10% more funds holding
Funds holding: 20 → 22 (+2)
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
0.84% less ownership
Funds ownership: 15.29% → 14.46% (-0.84%)
3% less capital invested
Capital invested by funds: $20.3M → $19.7M (-$524K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$286K |
| 2 |
FWM
Fairhaven Wealth Management
Oak Brook,
Illinois
|
+$269K |
| 3 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$206K |
| 4 |
PI
PFG Investments
Woodbury,
New York
|
+$159K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$113K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$744K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$611K |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$235K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$203K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$198K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Nomura Holdings
Tokyo,
Japan
| – | -$157K | -10,000 | Closed |
|
RMMZ Hedge Fund Activity: Q1 2024 in Review
22 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund II (RMMZ) for Q1 2024, worth a combined $19.7M — down 2.6% from $20.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new RMMZ positions and 4 closed out — a net gain of 2 holders — while 6 added to existing stakes and 6 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $286K. The largest seller was Morgan Stanley, cutting an estimated $744K.
- 22 institutional investors held RiverNorth Managed Duration Municipal Income Fund II (RMMZ) as of Q1 2024, up from 20 in Q4 2023.
- Funds reported $19.7M of RiverNorth Managed Duration Municipal Income Fund II stock for Q1 2024, down 2.6% quarter-over-quarter.
- 6 funds opened new RiverNorth Managed Duration Municipal Income Fund II positions in Q1 2024 and 4 closed out, a net change of +2 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund II buyer in Q1 2024 was Royal Bank of Canada, an estimated $286K added.
- The largest RiverNorth Managed Duration Municipal Income Fund II seller in Q1 2024 was Morgan Stanley, an estimated $744K sold.
Based on aggregated 13F filings for Q1 2024.