RiverNorth Managed Duration Municipal Income Fund II
RMMZ
22 hedge funds and large institutions have $19M invested in RiverNorth Managed Duration Municipal Income Fund II in 2024 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
5% more funds holding
Funds holding: 21 → 22 (+1)
1% more capital invested
Capital invested by funds: $18.8M → $19M (+$145K)
0.03% more ownership
Funds ownership: 13.69% → 13.72% (+0.03%)
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$241K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$224K |
| 3 |
OC
Oppenheimer & Co
New York
|
+$193K |
| 4 |
Morgan Stanley
New York
|
+$151K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$56.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$572K |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$266K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$81.3K |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
-$76.7K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$59.6K |
RMMZ Hedge Fund Activity: Q3 2024 in Review
22 of the 6,979 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Managed Duration Municipal Income Fund II (RMMZ) for Q3 2024, worth a combined $19M — up 0.77% from $18.8M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new RMMZ positions and 2 closed out — a net gain of 1 holder — while 7 added to existing stakes and 7 trimmed.
The largest buyer was Bessemer Group, opening a new position worth an estimated $241K. The largest seller was Karpus Investment Management, cutting an estimated $572K.
- 22 institutional investors held RiverNorth Managed Duration Municipal Income Fund II (RMMZ) as of Q3 2024, up from 21 in Q2 2024.
- Funds reported $19M of RiverNorth Managed Duration Municipal Income Fund II stock for Q3 2024, up 0.77% quarter-over-quarter.
- 3 funds opened new RiverNorth Managed Duration Municipal Income Fund II positions in Q3 2024 and 2 closed out, a net change of +1 holder.
- The largest RiverNorth Managed Duration Municipal Income Fund II buyer in Q3 2024 was Bessemer Group, an estimated $241K added.
- The largest RiverNorth Managed Duration Municipal Income Fund II seller in Q3 2024 was Karpus Investment Management, an estimated $572K sold.
Based on aggregated 13F filings for Q3 2024.