RiverNorth Managed Duration Municipal Income Fund II
RMMZ
4 hedge funds and large institutions have $3.59M invested in RiverNorth Managed Duration Municipal Income Fund II in 2022 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 2 closing their positions.
0.36% more ownership
Funds ownership: 2.33% → 2.69% (+0.36%)
3% less capital invested
Capital invested by funds: $3.72M → $3.59M (-$126K)
20% less funds holding
Funds holding: 5 → 4 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.08M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$323K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$386K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$226K |
| 3 |
HF
HRT Financial
New York
|
-$221K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$124K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
UBS Group
Zurich,
Switzerland
| $1.89M | +$323K | +18,697 | +19% |
|
|
2
Morgan Stanley
New York
| $1.01M | +$1.08M | +62,485 | New |
|
|
3
Wells Fargo
San Francisco,
California
| $422K | -$226K | -13,091 | -33% |
|
|
4
Royal Bank of Canada
Toronto,
Ontario, Canada
| $266K | -$124K | -7,168 | -30% |
|
|
5
Envestnet Asset Management
Chicago,
Illinois
| – | -$386K | -20,000 | Closed |
|
|
HF
6
HRT Financial
New York
| – | -$221K | -11,474 | Closed |
|
RMMZ Hedge Fund Activity: Q2 2022 in Review
4 of the 5,937 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund II (RMMZ) for Q2 2022, worth a combined $3.59M — down 3.4% from $3.72M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of RMMZ and 1 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 1 added.
The largest buyer was Morgan Stanley, opening a new position worth an estimated $1.08M. The largest seller was Envestnet Asset Management, exiting entirely with an estimated $386K sold.
- 4 institutional investors held RiverNorth Managed Duration Municipal Income Fund II (RMMZ) as of Q2 2022, down from 5 in Q1 2022.
- Funds reported $3.59M of RiverNorth Managed Duration Municipal Income Fund II stock for Q2 2022, down 3.4% quarter-over-quarter.
- 1 fund opened new RiverNorth Managed Duration Municipal Income Fund II positions in Q2 2022 and 2 closed out, a net change of -1 holder.
- The largest RiverNorth Managed Duration Municipal Income Fund II buyer in Q2 2022 was Morgan Stanley, an estimated $1.08M added.
- The largest RiverNorth Managed Duration Municipal Income Fund II seller in Q2 2022 was Envestnet Asset Management, an estimated $386K sold.
Based on aggregated 13F filings for Q2 2022.