Jonathan Paul Browne Purchases 750 Shares of RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) Stock

Posted by Alphonse Anthony on Apr 14th, 2025

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM – Get Free Report) Portfolio Manager Jonathan Paul Browne acquired 750 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average cost of $13.59 per share, with a total value of $10,192.50. Following the purchase, the portfolio manager now directly owns 750 shares of the company’s stock, valued at $10,192.50. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

RiverNorth Flexible Municipal Income Fund Stock Down 0.4 %

NYSEARCA:RFM opened at $13.62 on Monday. The business’s 50-day moving average price is $15.06 and its two-hundred day moving average price is $15.45. RiverNorth Flexible Municipal Income Fund, Inc. has a twelve month low of $13.14 and a twelve month high of $16.54.

RiverNorth Flexible Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.094 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend is Friday, June 13th.

Institutional Investors Weigh In On RiverNorth Flexible Municipal Income Fund

Hedge funds have recently bought and sold shares of the stock. Noble Wealth Management PBC bought a new stake in RiverNorth Flexible Municipal Income Fund during the fourth quarter worth about $103,000. Raymond James Financial Inc. purchased a new position in shares of RiverNorth Flexible Municipal Income Fund during the 4th quarter valued at about $186,000. Apollon Wealth Management LLC purchased a new position in shares of RiverNorth Flexible Municipal Income Fund during the 4th quarter valued at about $208,000. Virtu Financial LLC bought a new stake in RiverNorth Flexible Municipal Income Fund in the 4th quarter worth approximately $385,000. Finally, SteelPeak Wealth LLC boosted its stake in RiverNorth Flexible Municipal Income Fund by 36.4% in the fourth quarter. SteelPeak Wealth LLC now owns 26,250 shares of the company’s stock worth $390,000 after buying an additional 7,000 shares in the last quarter.

RiverNorth Flexible Municipal Income Fund Company Profile

(Get Free Report)

The RiverNorth Flexible Municipal Income Fund, Inc seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.