Rivernorth Managed Duration Municipal Income Fund (RMM) Price, Holdings, & News

ETF Overview

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.

Key Stats

• Today's Range: $13.85 to $13.97
• 50-Day Range: $13.32 to $14.09
• 52-Week Range: $12.55 to $16.37
• Volume: 108,014 shs
• Average Volume: 64,551 shs
• Market Capitalization: N/A
• Assets Under Management: $402.02 million
• Dividend Yield: N/A
• Net Expense Ratio: 0.00%
• Aggregate Rating: N/A

RMM ETF - Frequently Asked Questions

How have RMM shares performed this year?

Rivernorth Managed Duration Municipal Income Fund's stock was trading at $14.41 at the start of the year. Since then, RMM shares have decreased by 3.6% and is now trading at $13.89.

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

Top institutional shareholders of Rivernorth Managed Duration Municipal Income Fund include U.S. Capital Wealth Advisors LLC, Truist Financial Corp, XML Financial LLC and Wagner Wealth Management LLC. Insiders that own company stock include Patrick W Galley and Jonathan Paul Browne.
View institutional ownership trends.

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

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

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

Based on aggregate information from My MarketBeat watchlists, some other companies that Rivernorth Managed Duration Municipal Income Fund investors own include DoubleLine Income Solutions Fund (DSL), Ares Capital (ARCC), Main Street Capital (MAIN), Stag Industrial (STAG), Arbor Realty Trust (ABR), BCE (BCE) and Medical Properties Trust (MPW).

Fund Details

• Fund Name: RiverNorth Managed Duration Municipal Income Fund, Inc.
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:RMM
• Inception Date: 1/1/2100
• Fund Manager: N/A
• Web: www.rivernorth.com
• Phone: 312-832-1440

Fund Focus

• Benchmark: N/A
• Number of Holdings: 0

Fund Statistics

• Assets Under Management: $402.02 million
• Average Daily Volume: $0.00
• Discount/Premium: 0.00%

Administrator, Advisor and Custodian

• Administrator: N/A
• Advisor: N/A
• Custodian: N/A
• Distributor: N/A
• Transfer Agent: N/A
• Trustee: N/A
• Lead Market Maker: N/A

Miscellaneous

• Outstanding Shares: N/A
• Beta: N/A