RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) Insider Financial Holdings Rivernorth Buys 903 Shares of Stock

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) insider Financial Holdings Rivernorth bought 903 shares of the stock in a transaction dated Monday, October 13th. The stock was purchased at an average price of $14.65 per share, with a total value of $13,228.95. Following the acquisition, the insider owned 903 shares of the company’s stock, valued at $13,228.95. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, October 14th, Financial Holdings Rivernorth bought 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.

RiverNorth Opportunistic Municipal Income Fund Trading Up 0.5%

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

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

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

Institutional Trading of RiverNorth Opportunistic Municipal Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its position in shares of RiverNorth Opportunistic Municipal Income Fund by 35.6% during the 4th quarter. Bank of America Corp DE now owns 2,440 shares of the company’s stock valued at $37,000 after purchasing an additional 640 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of 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 purchasing an additional 2,315 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings 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 worth $379,000 after buying an additional 2,950 shares during the last quarter. Apollon Wealth Management LLC increased its holdings 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 worth $366,000 after buying an additional 13,850 shares during the last quarter. Finally, Advisor Resource Council purchased a new stake in RiverNorth Opportunistic Municipal Income Fund during the first quarter worth about $235,000.

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.