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.
Research context
RiverNorth Managed Duration Municipal Income Fund Inc appears in PyInvesting’s US Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
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- Sector
- Financial Services
- Industry
- Asset Management
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5 years, 6 months ago
Rivernorth Managed Duration Municipal Income Fund Inc is currently in a long term uptrend where the price is trading 10.9% above its 200 day moving average.
From a valuation standpoint, the stock is 100.0% cheaper than other stocks from the sector with a price to sales ratio of 0.0.
Rivernorth Managed Duration Municipal Income Fund Inc's total revenue rose by 22.1% to $9M since the same quarter in the previous year.
Its net income has increased by 156.9% to $38M since the same quarter in the previous year.
Finally, its free cash flow grew by 104.5% to $29M since the same quarter in the previous year.
Based on the above factors, Rivernorth Managed Duration Municipal Income Fund Inc gets an overall score of 5/5.