RiverNorth Managed Duration Municipal Income Fund II
RMMZ
11 hedge funds and large institutions have $14.2M invested in RiverNorth Managed Duration Municipal Income Fund II in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 5 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
1% more capital invested
Capital invested by funds: $14.1M → $14.2M (+$77.7K)
0.14% more ownership
Funds ownership: 11.29% → 11.43% (+0.14%)
27% less funds holding
Funds holding: 15 → 11 (-4)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.05M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$436K |
| 3 |
WS
Wedbush Securities
Los Angeles,
California
|
+$276K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$196K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$48.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$1.03M |
| 2 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$390K |
| 3 |
Morgan Stanley
New York
|
-$185K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$142K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$23.6K |
RMMZ Hedge Fund Activity: Q1 2023 in Review
11 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund II (RMMZ) for Q1 2023, worth a combined $14.2M — up 0.55% from $14.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of RMMZ and 1 opened new positions — a net loss of 4 holders — while 4 trimmed existing stakes and 6 added.
The largest buyer was Wells Fargo, adding an estimated $1.05M. The largest seller was Matisse Capital, exiting entirely with an estimated $1.03M sold.
- 11 institutional investors held RiverNorth Managed Duration Municipal Income Fund II (RMMZ) as of Q1 2023, down from 15 in Q4 2022.
- Funds reported $14.2M of RiverNorth Managed Duration Municipal Income Fund II stock for Q1 2023, up 0.55% quarter-over-quarter.
- 1 fund opened new RiverNorth Managed Duration Municipal Income Fund II positions in Q1 2023 and 5 closed out, a net change of -4 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund II buyer in Q1 2023 was Wells Fargo, an estimated $1.05M added.
- The largest RiverNorth Managed Duration Municipal Income Fund II seller in Q1 2023 was Matisse Capital, an estimated $1.03M sold.
Based on aggregated 13F filings for Q1 2023.