RMM 16.03 Rivernorth Managed Duration Municipal Income Fund Inc.
| Range: | 12.321-16.37 | Vol Avg: | 44279 | Last Div: | 1.09 | Changes: | 0.13 |
| Beta: | 0.58 | Cap: | 0.32B | Currency: | USD | Exchange: | NYSE |
| Sector: | Financial Services | IPO: | Fri Jul 26 2019 | Empoloyees: | |||
| CUSIP: | 76882H105 | CIK: | 0001771226 | ISIN: | US76882H1059 | Country: | US |
| CEO: | Mr. Stephen Andrew O'Neill C.F.A., CFA | Website: | https://www.rivernorth.com | ||||
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.
Stock Details
Positive 0.45
RMM: Buy The Recent Muni Dip
The recent 10-year Treasury yield spike presents a buying opportunity in the muni bond CEF...
seekingalpha.com·Fri Oct 11 2024
About The Monevue
The content provided on this site is for informational purposes only and does not constitute financial, investment, or professional advice. We are not registered investment advisors or financial planners, and we do not provide recommendations or advice on buying, selling, or holding any particular stocks or securities. Any investment decisions should be made based on your own research and consultation with a qualified financial professional. We are not responsible for any financial loss or damages incurred from reliance on the information provided on this site. Please invest responsibly and seek professional advice when needed.
• Powered by StackThrow