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Stephen Andrew O’Neill, Portfolio Manager at RiverNorth Managed Duration Municipal Income Fund II, Inc. (EXCHANGE:RFMZ), a $306.1M market cap fund known for its significant 8.19% dividend yield, purchased a total of 5,000 shares of the company’s common stock on July 17, 2025, in three separate transactions. The price per share ranged from $12.5843 to $12.6298, totaling $63024. According to InvestingPro analysis, RFMZ typically exhibits low price volatility, making this insider purchase particularly noteworthy.
The transactions involved the purchase of 2,065 shares at $12.59 per share, 2,000 shares at $12.6298 per share, and 935 shares at $12.5843 per share. Following these transactions, O’Neill directly owns 25,000 shares of RiverNorth Managed Duration Municipal Income Fund II, Inc. The purchase was made with the stock trading near $12.58, down about 1.8% year-to-date. For more detailed insider trading analysis and additional ProTips, visit InvestingPro.
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