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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$963K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$710K |
| 3 |
LPL Financial
San Diego,
California
|
+$210K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$202K |
| 5 |
DLG
Daniel L. Goodwin
|
+$198K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$566K |
| 2 |
SIC
Samalin Investment Counsel
Chappaqua,
New York
|
-$459K |
RMMZ Hedge Fund Activity: Q3 2023 in Review
15 of the 6,311 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.