Robinson Capital Management LLC Has $954,000 Holdings in Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM)

Robinson Capital Management LLC trimmed its position in Rivernorth Managed Duration Municipal Income Fund Inc. (NYSEARCA:RMM) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,213 shares of the company’s stock after selling 4,561 shares during the period. Robinson Capital Management LLC’s holdings in Rivernorth Managed Duration Municipal Income Fund were worth $954,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of RMM. CreativeOne Wealth LLC grew its holdings in shares of Rivernorth Managed Duration Municipal Income Fund by 13.0% during the third quarter. CreativeOne Wealth LLC now owns 11,968 shares of the company’s stock worth $192,000 after buying an additional 1,378 shares in the last quarter. XML Financial LLC lifted its position in shares of Rivernorth Managed Duration Municipal Income Fund by 5.8% during the 3rd quarter. XML Financial LLC now owns 25,399 shares of the company’s stock valued at $408,000 after acquiring an additional 1,399 shares during the period. World Investment Advisors LLC bought a new position in Rivernorth Managed Duration Municipal Income Fund in the 3rd quarter valued at about $426,000. Apollon Wealth Management LLC acquired a new stake in shares of Rivernorth Managed Duration Municipal Income Fund during the 4th quarter worth approximately $402,000. Finally, Truist Financial Corp increased its stake in shares of Rivernorth Managed Duration Municipal Income Fund by 24.7% in the 4th quarter. Truist Financial Corp now owns 45,939 shares of the company’s stock valued at $662,000 after purchasing an additional 9,111 shares during the last quarter.

Rivernorth Managed Duration Municipal Income Fund Stock Up 0.1 %

Shares of RMM opened at $15.09 on Tuesday. The business has a 50-day simple moving average of $14.91 and a two-hundred day simple moving average of $15.39. Rivernorth Managed Duration Municipal Income Fund Inc. has a 12-month low of $14.35 and a 12-month high of $16.37.

Rivernorth Managed Duration Municipal Income Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a $0.0905 dividend. This represents a dividend yield of 7.32%. The ex-dividend date of this dividend was Wednesday, January 15th.

Rivernorth Managed Duration Municipal Income Fund Company Profile

Rivernorth Managed Duration Municipal Income Fund Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities.