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RMMZ

RiverNorth Managed Duration Municipal Income Fund II
RMMZ

15 hedge funds and large institutions have $14.1M invested in RiverNorth Managed Duration Municipal Income Fund II in 2022 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 5 increasing their positions, reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

900% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 1

232% more capital invested

Capital invested by funds: $4.26M → $14.1M (+$9.89M)

150% more funds holding

Funds holding: 6 → 15 (+9)

7.93% more ownership

Funds ownership: 3.36% → 11.29% (+7.9%)

Holders
15
Holders Change
+9
Holders Change %
+150%
% of All Funds
0.24%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
5
Reduced
–
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$5.92M
2
MC
Matisse Capital
Oregon
+$1.02M
3
Stifel Financial
Stifel Financial
Missouri
+$712K
4
Morgan Stanley
Morgan Stanley
New York
+$520K
5
SIC
Samalin Investment Counsel
New York
+$471K

Top Sellers

Rank Fund Capital Flow
1
TRCT
Tower Research Capital (TRC)
New York
-$9K
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$5.95M +$5.92M +391,885 New
UBS Group
2
UBS Group
Switzerland
$2.2M +$121K +7,999 +6%
Morgan Stanley
3
Morgan Stanley
New York
$1.69M +$520K +34,432 +45%
MC
4
Matisse Capital
Oregon
$1.03M +$1.02M +67,559 New
Stifel Financial
5
Stifel Financial
Missouri
$716K +$712K +47,156 New
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$555K +$292K +19,318 +112%
Wells Fargo
7
Wells Fargo
California
$541K +$89.6K +5,931 +20%
SIC
8
Samalin Investment Counsel
New York
$473K +$471K +31,173 New
IAIM
9
International Assets Investment Management
Florida
$390K +$388K +25,700 New
Osaic Holdings
10
Osaic Holdings
Arizona
$267K +$22.2K +1,469 +9%
ACM
11
Arlington Capital Management
Illinois
$182K +$181K +11,961 New
HighTower Advisors
12
HighTower Advisors
Illinois
$142K +$152K +10,078 New
PTC
13
Private Trust Company
Ohio
$7K +$6.63K +439 New
Bessemer Group
14
Bessemer Group
New Jersey
$3K +$3.05K +202 New
IA
15
IFP Advisors
Florida
$1K +$302 +20 New
TRCT
16
Tower Research Capital (TRC)
New York
– -$9K -596 Closed

RMMZ Hedge Fund Activity: Q4 2022 in Review

15 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund II (RMMZ) for Q4 2022, worth a combined $14.1M — up 232% from $4.26M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new RMMZ positions and 1 closed out — a net gain of 9 holders — while 5 added to existing stakes and 0 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $5.92M. The largest seller was Tower Research Capital (TRC), exiting entirely with an estimated $9K sold.

  • 15 institutional investors held RiverNorth Managed Duration Municipal Income Fund II (RMMZ) as of Q4 2022, up from 6 in Q3 2022.
  • Funds reported $14.1M of RiverNorth Managed Duration Municipal Income Fund II stock for Q4 2022, up 232% quarter-over-quarter.
  • 10 funds opened new RiverNorth Managed Duration Municipal Income Fund II positions in Q4 2022 and 1 closed out, a net change of +9 holders.
  • The largest RiverNorth Managed Duration Municipal Income Fund II buyer in Q4 2022 was Karpus Investment Management, an estimated $5.92M added.
  • The largest RiverNorth Managed Duration Municipal Income Fund II seller in Q4 2022 was Tower Research Capital (TRC), an estimated $9K sold.

Based on aggregated 13F filings for Q4 2022.