RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) Insider Financial Holdings Rivernorth Purchases 2,891 Shares of Stock

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) insider Financial Holdings Rivernorth purchased 2,891 shares of the stock in a transaction dated Tuesday, October 21st. The stock was purchased at an average cost of $14.60 per share, for a total transaction of $42,208.60. Following the completion of the purchase, the insider directly owned 19,145 shares of the company’s stock, valued at approximately $279,517. The trade was a 17.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, October 20th, Financial Holdings Rivernorth purchased 2,794 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was purchased at an average cost of $14.60 per share, for a total transaction of $40,792.40.
• On Friday, October 17th, Financial Holdings Rivernorth acquired 4,138 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average price of $14.62 per share, for a total transaction of $60,497.56.
• On Thursday, October 16th, Financial Holdings Rivernorth acquired 3,041 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average price of $14.69 per share, for a total transaction of $44,672.29.
• On Wednesday, October 15th, Financial Holdings Rivernorth acquired 4,138 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average price of $14.74 per share, for a total transaction of $60,994.12.
• On Tuesday, October 14th, Financial Holdings Rivernorth acquired 1,240 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average price of $14.68 per share, for a total transaction of $18,203.20.
• On Monday, October 13th, Financial Holdings Rivernorth acquired 903 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average price of $14.65 per share, for a total transaction of $13,228.95.

RiverNorth Opportunistic Municipal Income Fund Trading Down 0.6%

Shares of RiverNorth Opportunistic Municipal Income Fund stock opened at $14.46 on Thursday. RiverNorth Opportunistic Municipal Income Fund, Inc. has a one year low of $13.63 and a one year high of $16.74. The business’s 50 day moving average price is $14.32 and its 200 day moving average price is $14.27.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Hedge Funds Weigh In On RiverNorth Opportunistic Municipal Income Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Plancorp LLC acquired a new stake in RiverNorth Opportunistic Municipal Income Fund during the third quarter worth $308,000. Osaic Holdings Inc. increased its stake in RiverNorth Opportunistic Municipal Income Fund by 17.0% during the second quarter. Osaic Holdings Inc. now owns 15,909 shares of the company’s stock worth $227,000 after acquiring an additional 2,315 shares during the last quarter. Bank of America Corp DE increased 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 worth $235,000 after acquiring an additional 14,017 shares during the last quarter. Concurrent Investment Advisors LLC increased 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 worth $379,000 after acquiring an additional 2,950 shares during the last quarter. Finally, River Street Advisors LLC acquired a new stake in RiverNorth Opportunistic Municipal Income Fund during the second quarter worth $294,000.

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.