RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) Insider Financial Holdings Rivernorth Acquires 1,240 Shares of Stock

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) insider Financial Holdings Rivernorth bought 1,240 shares of RiverNorth Opportunistic Municipal Income Fund stock in a transaction dated Tuesday, October 14th. The stock was acquired at an average price of $14.68 per share, with a total value of $18,203.20. Following the purchase, the insider directly owned 2,143 shares of the company’s stock, valued at approximately $31,459.24. This represents a 137.32% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, October 13th, Financial Holdings Rivernorth acquired 903 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was acquired at an average price of $14.65 per share, with a total value of $13,228.95.

RiverNorth Opportunistic Municipal Income Fund Trading Up 0.5%

RiverNorth Opportunistic Municipal Income Fund stock opened at $14.74 on Wednesday. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 1-year low of $13.63 and a 1-year high of $16.74. The firm has a 50 day simple moving average of $14.27 and a 200 day simple moving average of $14.28.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.0945 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Monday, December 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. grew its holdings in RiverNorth Opportunistic Municipal Income Fund by 17.0% during the 2nd quarter. Osaic Holdings Inc. now owns 15,909 shares of the company’s stock valued at $227,000 after buying an additional 2,315 shares in the last quarter. Bank of America Corp DE grew its stake in RiverNorth Opportunistic Municipal Income Fund by 574.5% during the second quarter. Bank of America Corp DE now owns 16,457 shares of the company’s stock valued at $235,000 after acquiring an additional 14,017 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in RiverNorth Opportunistic Municipal Income Fund by 12.5% during the second quarter. Concurrent Investment Advisors LLC now owns 26,595 shares of the company’s stock valued at $379,000 after acquiring an additional 2,950 shares in the last quarter. River Street Advisors LLC purchased a new position in shares of RiverNorth Opportunistic Municipal Income Fund during the 2nd quarter valued at $294,000. Finally, Apollon Wealth Management LLC grew its position in shares of RiverNorth Opportunistic Municipal Income Fund by 129.6% during the 1st quarter. Apollon Wealth Management LLC now owns 24,535 shares of the company’s stock valued at $366,000 after purchasing an additional 13,850 shares in the last quarter.

RiverNorth Opportunistic Municipal Income Fund Company Profile

The RiverNorth Opportunistic Municipal Income Fund, Inc (the “Fund”) seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.