Wolverine Asset Management LLC Has $1.32 Million Stake in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI)

Wolverine Asset Management LLC grew its position in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 133.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,801 shares of the company’s stock after purchasing an additional 50,176 shares during the quarter. Wolverine Asset Management LLC’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $1,322,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. grew its position in RiverNorth Opportunistic Municipal Income Fund by 1.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 483,316 shares of the company’s stock worth $7,279,000 after buying an additional 8,865 shares in the last quarter. Robinson Capital Management LLC grew its position in RiverNorth Opportunistic Municipal Income Fund by 22.3% during the fourth quarter. Robinson Capital Management LLC now owns 46,217 shares of the company’s stock worth $696,000 after buying an additional 8,441 shares in the last quarter. Prospera Financial Services Inc grew its position in RiverNorth Opportunistic Municipal Income Fund by 117.9% during the third quarter. Prospera Financial Services Inc now owns 30,258 shares of the company’s stock worth $494,000 after buying an additional 16,369 shares in the last quarter. Finally, Apollon Wealth Management LLC acquired a new stake in RiverNorth Opportunistic Municipal Income Fund during the fourth quarter worth approximately $161,000.

RiverNorth Opportunistic Municipal Income Fund Price Performance

Shares of NYSE:RMI opened at $15.81 on Friday. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 1 year low of $14.79 and a 1 year high of $16.74. The business’s 50 day simple moving average is $15.43 and its 200 day simple moving average is $15.83.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0945 per share. This represents a $1.13 annualized dividend and a yield of 7.17%. The ex-dividend date of this dividend is Friday, March 14th.

About RiverNorth Opportunistic Municipal Income Fund

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.