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NYSEARCA:RMM

RiverNorth Managed Duration Municipal Income Fund Stock Forecast, Price & News

$16.79
-0.01 (-0.06 %)
(As of 10/21/2020 12:00 AM ET)
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Today's Range
$16.65
Now: $16.79
$16.83
50-Day Range
$16.60
MA: $16.86
$17.23
52-Week Range
$12.26
Now: $16.79
$21.32
Volume78,903 shs
Average Volume64,842 shs
Market CapitalizationN/A
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 26, 2019 and is domiciled in the United States.
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Basic Details

Issuer
Fund NameRiverNorth Managed Duration Municipal Income Fund, Inc.
Tax Classification
SymbolNYSEARCA:RMM
Inception Date1/1/2100
Fund Manager
Phone312-832-1440

Fund Focus

Asset Class
Benchmark
Category
Focus
Development Level
Region

Fund Statistics

Assets Under Management$402.02 million
Average Daily Volume$0.00
Discount/Premium0.00%

ETF Expenses

Management Fee0.00%
Other Expenses0.00%
Total Expenses0.00%
Fee Waiver0.00%
Net Expenses0.00%

Administrator, Advisor and Custodian

Administrator
Advisor
Custodian
Distributor
Transfer Agent
Trustee
Lead Market Maker
$16.79
-0.01 (-0.06 %)
(As of 10/21/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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RiverNorth Managed Duration Municipal Income Fund (NYSEARCA:RMM) Frequently Asked Questions

How has RiverNorth Managed Duration Municipal Income Fund's stock price been impacted by COVID-19 (Coronavirus)?

RiverNorth Managed Duration Municipal Income Fund's stock was trading at $19.42 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RMM stock has decreased by 13.5% and is now trading at $16.79.
View which stocks have been most impacted by COVID-19
.

How often does RiverNorth Managed Duration Municipal Income Fund pay dividends? What is the dividend yield for RiverNorth Managed Duration Municipal Income Fund?

RiverNorth Managed Duration Municipal Income Fund declared a monthly dividend on Thursday, October 8th. Stockholders of record on Thursday, December 17th will be given a dividend of $0.0917 per share on Thursday, December 31st. This represents a $1.10 annualized dividend and a yield of 6.55%. The ex-dividend date of this dividend is Wednesday, December 16th.
View RiverNorth Managed Duration Municipal Income Fund's dividend history
.

What other stocks do shareholders of RiverNorth Managed Duration Municipal Income Fund own?

Based on aggregate information from My MarketBeat watchlists, some companies that other RiverNorth Managed Duration Municipal Income Fund investors own include Norwegian Cruise Line (NCLH) and American Airlines Group (AAL).

Who are RiverNorth Managed Duration Municipal Income Fund's key executives?

RiverNorth Managed Duration Municipal Income Fund's management team includes the following people:
  • Mr. Stephen Andrew O'Neill C.F.A., CFA, Portfolio Mang. (Age 41)
  • Mr. Michael Petty, Portfolio Mang.
  • Mr. Robert Alan DiMella, Portfolio Mang. (Age 53)
  • Mr. Robert Patrick Burke C.F.A., Portfolio Mang.
  • Mr. John Michael Loffredo, Portfolio Mang. (Age 55)

What is RiverNorth Managed Duration Municipal Income Fund's stock symbol?

RiverNorth Managed Duration Municipal Income Fund trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "RMM."

Who are RiverNorth Managed Duration Municipal Income Fund's major shareholders?

RiverNorth Managed Duration Municipal Income Fund's stock is owned by a variety of retail and institutional investors. Top institutional investors include Robinson Capital Management LLC (0.00%), Wedbush Securities Inc. (0.00%), 6 Meridian (0.00%) and Sanders Morris Harris LLC (0.00%).

Which institutional investors are selling RiverNorth Managed Duration Municipal Income Fund stock?

RMM stock was sold by a variety of institutional investors in the last quarter, including Wedbush Securities Inc..

Which institutional investors are buying RiverNorth Managed Duration Municipal Income Fund stock?

RMM stock was bought by a variety of institutional investors in the last quarter, including Robinson Capital Management LLC, 6 Meridian, and Sanders Morris Harris LLC.

How do I buy shares of RiverNorth Managed Duration Municipal Income Fund?

Shares of RMM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is RiverNorth Managed Duration Municipal Income Fund's stock price today?

One share of RMM stock can currently be purchased for approximately $16.79.

What is RiverNorth Managed Duration Municipal Income Fund's official website?

The official website for RiverNorth Managed Duration Municipal Income Fund is www.rivernorth.com.

How can I contact RiverNorth Managed Duration Municipal Income Fund?

The company can be reached via phone at 312-832-1440.

This page was last updated on 10/22/2020 by MarketBeat.com Staff

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