RiverNorth Managed Duration Municipal Income Fund (RMM) vs Invesco Pennsylvania Value Municipal Income (VPV)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Invesco Pennsylvania Value Municipal Income (VPV) has outperformed RiverNorth Managed Duration Municipal Income Fund (RMM) over the past year, gaining 4.1% versus a loss of 10.5%. Over five years, VPV leads with a -18.6% price change compared with -35.9% for RMM. On valuation, RiverNorth Managed Duration Municipal Income Fund trades at a lower trailing P/E (7.7x vs 37.9x for Invesco Pennsylvania Value Municipal Income).
Invesco Pennsylvania Value Municipal Income pays a dividend yielding 7.54%, while RiverNorth Managed Duration Municipal Income Fund does not currently pay one.
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 | RMM | VPV |
|---|---|---|
| Share price | $12.87 | $10.61 |
| Market cap | $254.05M | — |
| 1-day change | +2.22% | -2.26% |
| YTD return | -7.49% | +3.73% |
| 1-year return | -10.52% | +4.13% |
| 5-year return | -35.90% | -18.60% |
| P/E ratio (TTM) | 7.66 | 37.88 |
| EPS (TTM) | $1.68 | $0.28 |
| Dividend yield | 8.07% | 7.54% |
| Annual dividend | $0.00 | $0.80 |
| 52-week high | $15.00 | $11.50 |
| 52-week low | $12.15 | $10.23 |
| Distance from 52-week high | -14.20% | -7.78% |
| Analyst consensus | — | none |
| Average volume | 59.01K | 28.44K |
| Shares outstanding | 19.74M | — |
| Sector | Finance | Finance |
| Industry | Trusts Except Educational Religious and Charitable | Trusts Except Educational Religious and Charitable |
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
- VPV has outperformed RMM by 14.6 percentage points over the past year.
- Invesco Pennsylvania Value Municipal Income trades at a higher earnings multiple (37.9x vs 7.7x trailing P/E).
About RiverNorth Managed Duration Municipal Income Fund
RMM stock →Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC.
Finance · Trusts Except Educational Religious and Charitable
About Invesco Pennsylvania Value Municipal Income
VPV stock →Invesco Pennsylvania Value Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc.
Finance · Trusts Except Educational Religious and Charitable
RMM vs VPV FAQ
Which stock has performed better over the past year, RMM or VPV?
VPV returned +4.13% over the past 12 months, compared with -10.52% for RMM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, RMM or VPV?
RMM has the lower trailing P/E at 7.7, versus 37.9 for VPV. 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, RiverNorth Managed Duration Municipal Income Fund or Invesco Pennsylvania Value Municipal Income?
RiverNorth Managed Duration Municipal Income Fund has the higher yield at 8.07%, compared with 7.54% for Invesco Pennsylvania Value Municipal Income.
Are RiverNorth Managed Duration Municipal Income Fund and Invesco Pennsylvania Value Municipal Income in the same industry?
Yes. Both are classified in the Trusts Except Educational Religious and Charitable industry within the Finance sector.