Western Asset Investment Grade Opportunity (IGI) vs RiverNorth Managed Duration Municipal Income Fund II (RMMZ)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
RiverNorth Managed Duration Municipal Income Fund II is the larger company by market cap ($112.3 million vs $91.9 million), about 1.2 times the size. On valuation, RiverNorth Managed Duration Municipal Income Fund II trades at a lower trailing P/E (7.9x vs 13.6x for Western Asset Investment Grade Opportunity).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | IGI | RMMZ |
|---|---|---|
| Share price | $15.33 | $13.28 |
| Market cap | $91.88M | $112.28M |
| 1-day change | +0.07% | +2.71% |
| YTD return | — | -8.54% |
| 1-year return | — | -10.87% |
| P/E ratio (TTM) | 13.57 | 7.90 |
| EPS (TTM) | $1.13 | $1.68 |
| Dividend yield | 5.56% | 8.05% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $16.93 | $15.29 |
| 52-week low | $15.08 | $12.77 |
| Distance from 52-week high | -9.45% | -13.15% |
| Average volume | 13.55K | 20.72K |
| Shares outstanding | 5.99M | 8.46M |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Western Asset Investment Grade Opportunity trades at a higher earnings multiple (13.6x vs 7.9x trailing P/E).
- RiverNorth Managed Duration Municipal Income Fund II offers a meaningfully higher dividend yield (8.05% vs 5.56%).
About Western Asset Investment Grade Opportunity
IGI stock →Western Asset Investment Grade Opportunity Trust Inc. is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Finance · Investment Managers
IGI vs RMMZ FAQ
Which is bigger, Western Asset Investment Grade Opportunity or RiverNorth Managed Duration Municipal Income Fund II?
RiverNorth Managed Duration Municipal Income Fund II (RMMZ) is larger, with a market capitalization of $112.28M compared with $91.88M for Western Asset Investment Grade Opportunity (IGI).
Which has the lower P/E ratio, IGI or RMMZ?
RMMZ has the lower trailing P/E at 7.9, versus 13.6 for IGI. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Western Asset Investment Grade Opportunity or RiverNorth Managed Duration Municipal Income Fund II?
RiverNorth Managed Duration Municipal Income Fund II has the higher yield at 8.05%, compared with 5.56% for Western Asset Investment Grade Opportunity.
Are Western Asset Investment Grade Opportunity and RiverNorth Managed Duration Municipal Income Fund II in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.