Rivernorth Managed Duration Municipal Income Fund Inc.

Rivernorth Managed Duration Municipal Income Fund Inc.verified

RMM

Price:

$15.49

Market Cap:

$305.77M

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 2...[Read more]

Industry

Asset Management - Income

IPO Date

2019-07-26

Stock Exchange

NYSE

Ticker

RMM

The ROE as of November 2024 (TTM) for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is 7.82%

According to Rivernorth Managed Duration Municipal Income Fund Inc.’s latest financial reports and current stock price. The company's current ROE is 7.82%. This represents a change of Infinity% compared to the average of 0% of the last 4 quarters.

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Historical ROE (quarterly & annually)

How has RMM ROE performed in the past?

The mean historical ROE of Rivernorth Managed Duration Municipal Income Fund Inc. over the last ten years is 1.42%. The current 7.82% ROE has changed 451.33% with respect to the historical average. Over the past ten years (40 quarters), RMM's ROE was at its highest in in the December 2019 quarter at 0%. The ROE was at its lowest in in the June 2020 quarter at -28.91%.

Quarterly (TTM)
Annual

Average

1.42%

Median

5.92%

Minimum

-18.79%

Maximum

17.00%

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) ROE by Quarter and Year

Discovering the peaks and valleys of Rivernorth Managed Duration Municipal Income Fund Inc. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 31.29%

Maximum Annual ROE = 17.00%

Minimum Annual Increase = -452.73%

Minimum Annual ROE = -18.79%

Quarterly (TTM)
Annual
YearROEChange
20247.78%31.29%
20235.92%-131.52%
2022-18.79%-210.51%
202117.00%-452.73%

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Average ROE

How has RMM ROE performed in the past?

The current ROE of Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

-1.70%

5-year avg

1.42%

10-year avg

1.42%

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) ROE vs. Peers

How is RMM’s ROE compared to its peers?

Rivernorth Managed Duration Municipal Income Fund Inc.’s ROE is less than RiverNorth Opportunistic Municipal Income Fund, Inc. (7.22%), less than MFS Investment Grade Municipal Trust (2.17%), greater than Nuveen Preferred and Income Fund (-19.45%), less than BlackRock MuniHoldings New York Quality Fund, Inc. (3.63%), less than RiverNorth Flexible Municipal Income Fund II, Inc. (8.44%), greater than Queen City Investments, Inc. (0%), less than NXG NextGen Infrastructure Income Fund (7.57%), greater than DTF Tax-Free Income 2028 Term Fund Inc. (-1.35%), less than DWS Municipal Income Trust (3.59%), greater than BlackRock MuniYield Quality Fund, Inc. (-0.89%), less than BlackRock Municipal Income Fund, Inc. (0.27%), less than BlackRock MuniHoldings Quality Fund II, Inc. (5.53%), greater than MFS Municipal Income Trust (-2.26%), less than BlackRock MuniYield Quality Fund III, Inc. (4.56%), less than Invesco Municipal Income Opportunities Trust (26.63%), less than MFS High Income Municipal Trust (4.73%), less than Putnam Premier Income Trust (8.69%), less than Nuveen Municipal Credit Opportunities Fund (1.29%), greater than RiverNorth Flexible Municipal Income Fund, Inc. (0%), less than First Trust High Yield Opportunities 2027 Term Fund (9.57%), greater than BlackRock MuniYield Fund, Inc. (-0.96%),

Build a custom stock screener for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) and other stocks

One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Rivernorth Managed Duration Municipal Income Fund Inc. using the financials and key metrics that matter to you in a single view.

The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:

Custom stock screener in Wisesheets

Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.

Get your free trial here.

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) and other stocks custom spreadsheet templates

The easiest way to analyze a company like Rivernorth Managed Duration Municipal Income Fund Inc. or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.

Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.

Custom stock templates in Wisesheets

Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.

Frequently asked questions❓

What is the ROE?

How can you use the ROE?

What is Rivernorth Managed Duration Municipal Income Fund Inc.'s ROE?

How is the ROE calculated for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM)?

What is the highest ROE for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM)?

What is the 3-year average ROE for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM)?

What is the 5-year average ROE for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM)?

How does the current ROE for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) compare to its historical average?