RiverNorth Flexible Municipal Income Fund (NYSEARCA:RFM) Insider Buys $60,960.24 in Stock

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) insider Financial Holdings Rivernorth acquired 4,257 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average price of $14.32 per share, for a total transaction of $60,960.24. Following the completion of the purchase, the insider directly owned 22,932 shares in the company, valued at $328,386.24. This trade represents a 22.80% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Financial Holdings Rivernorth also recently made the following trade(s):

• On Tuesday, November 11th, Financial Holdings Rivernorth bought 1,243 shares of RiverNorth Flexible Municipal Income Fund stock. The shares were acquired at an average price of $14.42 per share, with a total value of $17,924.06.
• On Monday, November 10th, Financial Holdings Rivernorth bought 4,346 shares of RiverNorth Flexible Municipal Income Fund stock. The stock was acquired at an average price of $14.31 per share, with a total value of $62,191.26.
• On Wednesday, November 5th, Financial Holdings Rivernorth purchased 2,165 shares of RiverNorth Flexible Municipal Income Fund stock. The stock was acquired at an average cost of $14.45 per share, for a total transaction of $31,284.25.
• On Tuesday, November 4th, Financial Holdings Rivernorth purchased 4,257 shares of RiverNorth Flexible Municipal Income Fund stock. The shares were acquired at an average price of $14.40 per share, for a total transaction of $61,300.80.
• On Thursday, October 30th, Financial Holdings Rivernorth acquired 200 shares of RiverNorth Flexible Municipal Income Fund stock. The stock was acquired at an average cost of $14.28 per share, with a total value of $2,856.00.
• On Wednesday, October 29th, Financial Holdings Rivernorth acquired 100 shares of RiverNorth Flexible Municipal Income Fund stock. The stock was acquired at an average price of $14.31 per share, with a total value of $1,431.00.
• On Tuesday, October 28th, Financial Holdings Rivernorth bought 881 shares of RiverNorth Flexible Municipal Income Fund stock. The shares were acquired at an average cost of $14.31 per share, for a total transaction of $12,607.11.
• On Friday, October 24th, Financial Holdings Rivernorth bought 141 shares of RiverNorth Flexible Municipal Income Fund stock. The shares were bought at an average price of $14.30 per share, for a total transaction of $2,016.30.
• On Thursday, October 23rd, Financial Holdings Rivernorth purchased 3,216 shares of RiverNorth Flexible Municipal Income Fund stock. The stock was bought at an average cost of $14.30 per share, with a total value of $45,988.80.
• On Wednesday, October 22nd, Financial Holdings Rivernorth purchased 3,352 shares of RiverNorth Flexible Municipal Income Fund stock. The stock was bought at an average price of $14.30 per share, with a total value of $47,933.60.

RiverNorth Flexible Municipal Income Fund Trading Up 0.7%

NYSEARCA:RFM opened at $14.48 on Thursday. The business’s fifty day moving average is $14.34 and its 200 day moving average is $14.13. RiverNorth Flexible Municipal Income Fund, Inc. has a 52-week low of $13.14 and a 52-week high of $16.15.

RiverNorth Flexible Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.094 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Monday, December 15th.

Hedge Funds Weigh In On RiverNorth Flexible Municipal Income Fund

A number of large investors have recently modified their holdings of the company. Capital Investment Advisors LLC increased its holdings in RiverNorth Flexible Municipal Income Fund by 6.8% during the 2nd quarter. Capital Investment Advisors LLC now owns 15,750 shares of the company’s stock worth $220,000 after acquiring an additional 1,000 shares during the period. SteelPeak Wealth LLC boosted its holdings in RiverNorth Flexible Municipal Income Fund by 6.4% in the 2nd quarter. SteelPeak Wealth LLC now owns 29,800 shares of the company’s stock valued at $416,000 after purchasing an additional 1,800 shares during the period. Raymond James Financial Inc. grew its position in shares of RiverNorth Flexible Municipal Income Fund by 14.7% during the 2nd quarter. Raymond James Financial Inc. now owns 16,915 shares of the company’s stock valued at $236,000 after purchasing an additional 2,165 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of RiverNorth Flexible Municipal Income Fund by 322.8% in the second quarter. NewEdge Advisors LLC now owns 23,005 shares of the company’s stock worth $321,000 after purchasing an additional 17,564 shares during the period. Finally, River Street Advisors LLC bought a new position in shares of RiverNorth Flexible Municipal Income Fund in the second quarter worth $263,000.

RiverNorth Flexible Municipal Income Fund Company Profile

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.