NYSEARCA:RMM

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

$14.72
+0.02 (+0.14%)
(As of 05/3/2024 ET)
Today's Range
$14.67
$14.75
50-Day Range
$14.53
$15.37
52-Week Range
$12.32
$16.10
Volume
39,379 shs
Average Volume
56,658 shs
Market Capitalization
N/A
Assets Under Management
$402.02 million
Dividend Yield
N/A
Net Expense Ratio
0.00%

About Rivernorth Managed Duration Municipal Income Fund

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.

RMM Stock Price History

RMM ETF News Headlines

The asset beating inflation by 4x
"Trump Loophole" Beats Inflation? Inflation has been out of control for years. Forcing you to work longer and harder for more money that is worth less. By using the "Trump Loophole", you can use a special retirement account to buy gold — and other precious metals — without taxes or penalties.
The asset beating inflation by 4x
"Trump Loophole" Beats Inflation? Inflation has been out of control for years. Forcing you to work longer and harder for more money that is worth less. By using the "Trump Loophole", you can use a special retirement account to buy gold — and other precious metals — without taxes or penalties.
Federated Hermes Premier Municipal Income Fund (FMN)
See More Headlines
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Fund Details

Issuer
Fund Name
RiverNorth Managed Duration Municipal Income Fund, Inc.
Tax Classification
Current Symbol
NYSEARCA:RMM
Inception Date
1/1/2100
Fund Manager
N/A

Fund Focus

Asset Class
Benchmark
N/A
Category
Focus
Development Level
Region
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

Beta
N/A
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Rivernorth Managed Duration Municipal Income Fund Expenses

TypeRMMNYSEARCA ETFsAll ETFs
Management Fee0.00%0.51%0.51%
Other Expenses0.00%0.64%0.58%
Total Expense0.00%0.74%0.70%
Fee Waiver0.00%-0.69%-0.57%
Net Expense0.00%0.58%0.58%

Rivernorth Managed Duration Municipal Income Fund (RMM)

Key Executives

  • Mr. Stephen Andrew O'Neill C.F.A. (Age 45)
    CFA, Portfolio Mang.
  • Mr. Michael Petty
    Portfolio Mang.
  • Mr. Robert Alan DiMella C.F.A. (Age 57)
    Portfolio Mang.
  • Mr. Robert Patrick Burke C.F.A.
    Portfolio Mang.
  • Mr. John Michael Loffredo C.F.A. (Age 59)
    Portfolio Mang.
  • Mr. Patrick William Galley C.F.A. (Age 49)
    Portfolio Mang.
  • Mr. David M. Dowden (Age 58)
    Portfolio Mang.
  • Mr. Scott Sprauer
    Portfolio Mang.

RMM ETF - Frequently Asked Questions

How have RMM shares performed in 2024?

Rivernorth Managed Duration Municipal Income Fund's stock was trading at $14.18 at the beginning of 2024. Since then, RMM stock has increased by 3.8% and is now trading at $14.72.
View the best growth stocks for 2024 here
.

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 Monday, April 1st. Investors of record on Wednesday, May 15th will be paid a dividend of $0.0916 per share on Friday, May 31st. This represents a $1.10 annualized dividend and a dividend yield of 7.47%. The ex-dividend date is Tuesday, May 14th. This is an increase from the stock's previous monthly dividend of $0.09.
Read our dividend analysis for RMM
.

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 American Airlines Group (AAL).

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 institutional and retail investors. Top institutional investors include Fairhaven Wealth Management LLC (0.00%) and Janney Montgomery Scott LLC (0.00%). Insiders that own company stock include John Wayne Hutchens, Patrick W Galley and Robert A Dimella.
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.
Compare Top Brokerages Here.

This page (NYSEARCA:RMM) was last updated on 5/3/2024 by MarketBeat.com Staff

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