RiverNorth Managed Duration Municipal Income Fund II
RMMZ
21 hedge funds and large institutions have $18.8M invested in RiverNorth Managed Duration Municipal Income Fund II in 2024 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 3 closing their positions.
0.77% less ownership
Funds ownership: 14.46% → 13.69% (-0.77%)
5% less capital invested
Capital invested by funds: $19.7M → $18.8M (-$903K)
5% less funds holding
Funds holding: 22 → 21 (-1)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$172K |
| 2 |
PI
PFG Investments
Woodbury,
New York
|
+$111K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$79.3K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$71K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$57.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$287K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$282K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$259K |
| 4 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$242K |
| 5 |
PIN
Prudent Investors Network
Lake Forest,
California
|
-$169K |
RMMZ Hedge Fund Activity: Q2 2024 in Review
21 of the 6,936 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund II (RMMZ) for Q2 2024, worth a combined $18.8M — down 4.6% from $19.7M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of RMMZ and 2 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 7 added.
The largest buyer was Morgan Stanley, adding an estimated $172K. The largest seller was Stifel Financial, cutting an estimated $287K.
- 21 institutional investors held RiverNorth Managed Duration Municipal Income Fund II (RMMZ) as of Q2 2024, down from 22 in Q1 2024.
- Funds reported $18.8M of RiverNorth Managed Duration Municipal Income Fund II stock for Q2 2024, down 4.6% quarter-over-quarter.
- 2 funds opened new RiverNorth Managed Duration Municipal Income Fund II positions in Q2 2024 and 3 closed out, a net change of -1 holder.
- The largest RiverNorth Managed Duration Municipal Income Fund II buyer in Q2 2024 was Morgan Stanley, an estimated $172K added.
- The largest RiverNorth Managed Duration Municipal Income Fund II seller in Q2 2024 was Stifel Financial, an estimated $287K sold.
Based on aggregated 13F filings for Q2 2024.