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RMMZ

RiverNorth Managed Duration Municipal Income Fund II
RMMZ

15 hedge funds and large institutions have $19.5M invested in RiverNorth Managed Duration Municipal Income Fund II in 2023 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 1 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

900% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 1

200% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 1

15% more funds holding

Funds holding: 13 → 15 (+2)

0.94% more ownership

Funds ownership: 15.11% → 16.05% (+0.94%)

3% less capital invested

Capital invested by funds: $20M → $19.5M (-$534K)

Holders
15
Holders Change
+2
Holders Change %
+15.38%
% of All Funds
0.24%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
10
Reduced
1
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$963K
2
Wells Fargo
Wells Fargo
California
+$710K
3
LPL Financial
LPL Financial
California
+$210K
4
CCP
Clough Capital Partners
Massachusetts
+$202K
5
DLG
Daniel L. Goodwin
+$198K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$566K
2
SIC
Samalin Investment Counsel
New York
-$459K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$6.62M +$3.46K +222 +0%
KIM
2
Karpus Investment Management
New York
$3.85M -$566K -36,362 -12%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$2.37M +$963K +61,862 +60%
Wells Fargo
4
Wells Fargo
California
$2.33M +$710K +45,647 +39%
Morgan Stanley
5
Morgan Stanley
New York
$1.54M +$145K +9,307 +9%
WS
6
Wedbush Securities
California
$710K +$77.1K +4,952 +11%
Stifel Financial
7
Stifel Financial
Missouri
$626K +$11.8K +758 +2%
Osaic Holdings
8
Osaic Holdings
Arizona
$263K +$12.5K +800 +5%
ACM
9
Arlington Capital Management
Illinois
$214K +$4.2K +270 +2%
RJA
10
Raymond James & Associates
Florida
$200K +$56.4K +3,626 +35%
LPL Financial
11
LPL Financial
California
$194K +$210K +13,494 New
QL
12
Quarry LP
New York
$186K +$126K +8,100 +166%
CCP
13
Clough Capital Partners
Massachusetts
$186K +$202K +12,975 New
DLG
14
Daniel L. Goodwin
$182K +$198K +12,700 New
PTC
15
Private Trust Company
Ohio
$11.1K – – –
SIC
16
Samalin Investment Counsel
New York
– -$459K -28,643 Closed

RMMZ Hedge Fund Activity: Q3 2023 in Review

15 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund II (RMMZ) for Q3 2023, worth a combined $19.5M — down 2.7% from $20M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new RMMZ positions and 1 closed out — a net gain of 2 holders — while 10 added to existing stakes and 1 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $963K. The largest seller was Karpus Investment Management, cutting an estimated $566K.

  • 15 institutional investors held RiverNorth Managed Duration Municipal Income Fund II (RMMZ) as of Q3 2023, up from 13 in Q2 2023.
  • Funds reported $19.5M of RiverNorth Managed Duration Municipal Income Fund II stock for Q3 2023, down 2.7% quarter-over-quarter.
  • 3 funds opened new RiverNorth Managed Duration Municipal Income Fund II positions in Q3 2023 and 1 closed out, a net change of +2 holders.
  • The largest RiverNorth Managed Duration Municipal Income Fund II buyer in Q3 2023 was Royal Bank of Canada, an estimated $963K added.
  • The largest RiverNorth Managed Duration Municipal Income Fund II seller in Q3 2023 was Karpus Investment Management, an estimated $566K sold.

Based on aggregated 13F filings for Q3 2023.