RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report)’s stock price was up 3.7% during mid-day trading on Thursday . The company traded as high as $14.69 and last traded at $14.6840. 35,992 shares changed hands during trading, an increase of 64% from the average session volume of 21,913 shares. The stock had previously closed at $14.16.
RiverNorth Opportunistic Municipal Income Fund Stock Up 3.7%
The company has a fifty day simple moving average of $15.29 and a 200 day simple moving average of $15.33.
RiverNorth Opportunistic Municipal Income Fund Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were given a $0.0889 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend was Wednesday, July 15th.
Institutional Trading of RiverNorth Opportunistic Municipal Income Fund
An institutional investor recently raised its stake in RiverNorth Opportunistic Municipal Income Fund stock. Rockefeller Capital Management L.P. raised its position in shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Free Report) by 252.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,050 shares of the company’s stock after purchasing an additional 51,625 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $1,031,000 at the end of the most recent quarter.
RiverNorth Opportunistic Municipal Income Fund Company Profile
RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) is a closed-end management investment company that seeks to deliver tax-exempt income through diversified exposure to U.S. municipal securities. The fund is structured as a non-diversified, interval fund and primarily caters to investors pursuing high-quality, tax-advantaged income from state and local government obligations.
RMI employs an opportunistic, value-oriented investment process, focusing on both traditional investment-grade bonds and specialized niches within the municipal market.
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