RiverNorth Flexible Municipal Income Fund (NYSEARCA:RFM) Insider Financial Holdings Rivernorth Buys 3,352 Shares

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) insider Financial Holdings Rivernorth bought 3,352 shares of RiverNorth Flexible Municipal Income Fund stock in a transaction that occurred on Wednesday, October 22nd. The shares were bought at an average cost of $14.30 per share, with a total value of $47,933.60. Following the acquisition, the insider directly owned 7,715 shares in the company, valued at $110,324.50. This trade represents a 76.83% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, October 21st, Financial Holdings Rivernorth bought 4,363 shares of RiverNorth Flexible Municipal Income Fund stock. The shares were bought at an average cost of $14.35 per share, with a total value of $62,609.05.

RiverNorth Flexible Municipal Income Fund Stock Down 0.3%

Shares of RFM stock opened at $14.28 on Friday. The company has a 50-day simple moving average of $14.19 and a 200 day simple moving average of $14.07. 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 Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.094 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 7.9%.

Institutional Trading of RiverNorth Flexible Municipal Income Fund

Institutional investors have recently bought and sold shares of the business. 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. River Street Advisors LLC acquired a new position in RiverNorth Flexible Municipal Income Fund during the 2nd quarter worth approximately $263,000. Capital Investment Advisors LLC increased its position in RiverNorth Flexible Municipal Income Fund by 6.8% in the 2nd quarter. Capital Investment Advisors LLC now owns 15,750 shares of the company’s stock valued at $220,000 after acquiring an additional 1,000 shares during the period. NewEdge Advisors LLC increased its position in RiverNorth Flexible Municipal Income Fund by 322.8% in the 2nd quarter. NewEdge Advisors LLC now owns 23,005 shares of the company’s stock valued at $321,000 after acquiring an additional 17,564 shares during the period. Finally, Raymond James Financial Inc. increased its position in RiverNorth Flexible Municipal Income Fund by 14.7% in the 2nd quarter. Raymond James Financial Inc. now owns 16,915 shares of the company’s stock valued at $236,000 after acquiring an additional 2,165 shares during the period.

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.