RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) Insider Financial Holdings Rivernorth Acquires 4,138 Shares

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) insider Financial Holdings Rivernorth acquired 4,138 shares of the business’s stock in a transaction dated Friday, October 17th. The stock was purchased at an average price of $14.62 per share, with a total value of $60,497.56. Following the acquisition, the insider owned 13,460 shares of the company’s stock, valued at approximately $196,785.20. This trade represents a 44.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, October 16th, Financial Holdings Rivernorth acquired 3,041 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was purchased at an average price of $14.69 per share, with a total value of $44,672.29.
• On Wednesday, October 15th, Financial Holdings Rivernorth acquired 4,138 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was purchased at an average price of $14.74 per share, with a total value of $60,994.12.
• On Tuesday, October 14th, Financial Holdings Rivernorth acquired 1,240 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was purchased at an average price of $14.68 per share, with a total value of $18,203.20.
• On Monday, October 13th, Financial Holdings Rivernorth acquired 903 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was purchased at an average price of $14.65 per share, with a total value of $13,228.95.

RiverNorth Opportunistic Municipal Income Fund Stock Up 0.4%

Shares of RiverNorth Opportunistic Municipal Income Fund stock opened at $14.58 on Tuesday. The stock’s fifty day moving average is $14.30 and its 200-day moving average is $14.27. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 12-month low of $13.63 and a 12-month high of $16.74.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.0945 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

Institutional Investors Weigh In On RiverNorth Opportunistic Municipal Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of RMI. Bank of America Corp DE raised its position in shares of RiverNorth Opportunistic Municipal Income Fund by 35.6% during the fourth quarter. Bank of America Corp DE now owns 2,440 shares of the company’s stock worth $37,000 after purchasing an additional 640 shares during the period. Advisor Resource Council acquired a new stake in shares of RiverNorth Opportunistic Municipal Income Fund during the first quarter worth $235,000. Concurrent Investment Advisors LLC raised its position in RiverNorth Opportunistic Municipal Income Fund by 24.2% during the first quarter. Concurrent Investment Advisors LLC now owns 23,645 shares of the company’s stock valued at $353,000 after buying an additional 4,600 shares during the period. Apollon Wealth Management LLC raised its position in RiverNorth Opportunistic Municipal Income Fund by 129.6% during the first quarter. Apollon Wealth Management LLC now owns 24,535 shares of the company’s stock valued at $366,000 after buying an additional 13,850 shares during the period. Finally, River Street Advisors LLC acquired a new position in RiverNorth Opportunistic Municipal Income Fund during the second quarter valued at $294,000.

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.