Wolverine Asset Management LLC Grows Position in RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM)

Wolverine Asset Management LLC raised its position in shares of RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) by 118.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,215 shares of the company’s stock after acquiring an additional 55,952 shares during the period. Wolverine Asset Management LLC’s holdings in RiverNorth Flexible Municipal Income Fund were worth $1,535,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, SteelPeak Wealth LLC purchased a new position in RiverNorth Flexible Municipal Income Fund in the third quarter valued at about $313,000.

RiverNorth Flexible Municipal Income Fund Price Performance

NYSEARCA:RFM opened at $15.71 on Friday. The company’s 50 day moving average is $15.29 and its two-hundred day moving average is $15.75. RiverNorth Flexible Municipal Income Fund, Inc. has a twelve month low of $14.78 and a twelve month high of $16.54.

RiverNorth Flexible Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.094 dividend. This represents a $1.13 annualized dividend and a yield of 7.18%. The ex-dividend date is Friday, March 14th.

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.