Who Owns RiverNorth Managed Duration Municipal Income Fund Stock?
NYSE: RMMFinanceTrusts Except Educational Religious and CharitableUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Ownership breakdown
- Held by institutions
- 20.09%
- Held by insiders
- 0.00%
- Institutional holders
- 55
- Institutions 20.1%
- Insiders 0.0%
- Public and other 79.9%
Who owns RiverNorth Managed Duration Municipal Income Fund stock?
Institutional investors own about 20.1% of RiverNorth Managed Duration Municipal Income Fund's shares, spread across 55 institutions that file 13F reports. That level of institutional ownership is relatively low, leaving more of the stock with retail investors and insiders. Insiders, including executives, directors and large founding shareholders, hold 0.00% of RMM.
The largest institutional holders are Robinson Capital Management, LLC (2.07%), Wells Fargo & Company (2.05%) and Guggenheim Capital, LLC (1.52%). Together, the top 10 institutions control 13.1% of shares outstanding. In their latest filings, 9 of the top 10 institutions increased their RMM positions and 1 reduced them.
Summary generated from market data by MetaCap's automated system. Methodology
Top institutional holders of RMM
| Institution | Shares | % Held | Change |
|---|---|---|---|
| Robinson Capital Management, LLC | 409.36K | 2.07% | -5.1% |
| Wells Fargo & Company | 404.93K | 2.05% | +2.4% |
| Guggenheim Capital, LLC | 300.84K | 1.52% | +183.0% |
| Advisors Asset Management, Inc. | 288.74K | 1.46% | +27.5% |
| Royal Bank of Canada | 250.13K | 1.27% | +4.3% |
| Morgan Stanley | 241.25K | 1.22% | +5.0% |
| U.S. Capital Wealth Advisors, LLC | 179.73K | 0.91% | +8.3% |
| UBS Group AG | 176.18K | 0.89% | +4.5% |
| ProVise Management Group, LLC | 170.53K | 0.86% | +1.6% |
| Arax Advisory Partners | 167.23K | 0.85% | +100.0% |
% held is the share of total shares outstanding. Change is the percentage change in the position since the holder's previous 13F filing.
Top mutual fund and ETF holders of RMM
| Fund | Shares | % Held |
|---|---|---|
| INVESTMENT MANAGERS SERIES TRUST-Robinson Tax Advantaged Income Fund | 409.36K | 2.07% |
Frequently asked questions
Who is the largest shareholder of RiverNorth Managed Duration Municipal Income Fund?
Robinson Capital Management, LLC is the largest institutional shareholder of RMM, owning 2.07% of shares outstanding (409.36K shares) as of its latest 13F filing.
What percentage of RiverNorth Managed Duration Municipal Income Fund is owned by institutions?
Institutions own about 20.1% of RMM shares and 20.1% of the public float.
How much of RiverNorth Managed Duration Municipal Income Fund do insiders own?
Insiders, such as officers and directors, own about 0.00% of RMM shares outstanding.
Where does institutional ownership data come from?
Investment managers with more than $100 million in US equities must file Form 13F with the SEC within 45 days of each quarter-end. Holdings are therefore up to about 4.5 months old when published.