RiverNorth Managed Duration Municipal Income Fund II
RMMZ
23 hedge funds and large institutions have $19.9M invested in RiverNorth Managed Duration Municipal Income Fund II in 2024 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 9 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
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
5% more capital invested
Capital invested by funds: $19M → $19.9M (+$967K)
5% more funds holding
Funds holding: 22 → 23 (+1)
2.05% more ownership
Funds ownership: 13.72% → 15.76% (+2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$1.91M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$646K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$366K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$268K |
| 5 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$228K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$521K |
| 2 |
Morgan Stanley
New York
|
-$350K |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$245K |
| 4 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$211K |
| 5 |
QL
Quarry LP
New York
|
-$211K |
RMMZ Hedge Fund Activity: Q4 2024 in Review
23 of the 7,593 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund II (RMMZ) for Q4 2024, worth a combined $19.9M — up 5.1% from $19M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new RMMZ positions and 4 closed out — a net gain of 2 holders — while 9 added to existing stakes and 6 trimmed.
The largest buyer was Independent Advisor Alliance, opening a new position worth an estimated $1.91M. The largest seller was Royal Bank of Canada, cutting an estimated $521K.
- 23 institutional investors held RiverNorth Managed Duration Municipal Income Fund II (RMMZ) as of Q4 2024, up from 22 in Q3 2024.
- Funds reported $19.9M of RiverNorth Managed Duration Municipal Income Fund II stock for Q4 2024, up 5.1% quarter-over-quarter.
- 6 funds opened new RiverNorth Managed Duration Municipal Income Fund II positions in Q4 2024 and 4 closed out, a net change of +2 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund II buyer in Q4 2024 was Independent Advisor Alliance, an estimated $1.91M added.
- The largest RiverNorth Managed Duration Municipal Income Fund II seller in Q4 2024 was Royal Bank of Canada, an estimated $521K sold.
Based on aggregated 13F filings for Q4 2024.