RiverNorth Managed Duration Municipal Income Fund II
RMMZ
20 hedge funds and large institutions have $18.5M invested in RiverNorth Managed Duration Municipal Income Fund II in 2023 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 3 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
133% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 3
33% more funds holding
Funds holding: 15 → 20 (+5)
2.08% less ownership
Funds ownership: 16.05% → 13.97% (-2.1%)
5% less capital invested
Capital invested by funds: $19.5M → $18.5M (-$982K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$444K |
| 2 |
P
&Partners
Nashville,
Tennessee
|
+$265K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$230K |
| 4 |
MC
Moors & Cabot
Boston,
Massachusetts
|
+$216K |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
+$216K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$4.39M |
| 2 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$214K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$57.7K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$18.9K |
RMMZ Hedge Fund Activity: Q4 2023 in Review
20 of the 6,870 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund II (RMMZ) for Q4 2023, worth a combined $18.5M — down 5% from $19.5M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new RMMZ positions and 1 closed out — a net gain of 6 holders — while 7 added to existing stakes and 3 trimmed.
The largest buyer was Wells Fargo, adding an estimated $444K. The largest seller was UBS Group, cutting an estimated $4.39M.
- 20 institutional investors held RiverNorth Managed Duration Municipal Income Fund II (RMMZ) as of Q4 2023, up from 15 in Q3 2023.
- Funds reported $18.5M of RiverNorth Managed Duration Municipal Income Fund II stock for Q4 2023, down 5% quarter-over-quarter.
- 7 funds opened new RiverNorth Managed Duration Municipal Income Fund II positions in Q4 2023 and 1 closed out, a net change of +6 holders.
- The largest RiverNorth Managed Duration Municipal Income Fund II buyer in Q4 2023 was Wells Fargo, an estimated $444K added.
- The largest RiverNorth Managed Duration Municipal Income Fund II seller in Q4 2023 was UBS Group, an estimated $4.39M sold.
Based on aggregated 13F filings for Q4 2023.