RiverNorth Flexible Municipal Income Fund (NYSEARCA:RFM) Insider Financial Holdings Rivernorth Purchases 2,165 Shares of Stock

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) insider Financial Holdings Rivernorth bought 2,165 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was purchased at an average cost of $14.45 per share, for a total transaction of $31,284.25. Following the completion of the acquisition, the insider owned 18,675 shares in the company, valued at $269,853.75. This trade represents a 13.11% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, November 4th, Financial Holdings Rivernorth purchased 4,257 shares of RiverNorth Flexible Municipal Income Fund stock. The shares were acquired at an average price of $14.40 per share, with a total value of $61,300.80.
• On Thursday, October 30th, Financial Holdings Rivernorth purchased 200 shares of RiverNorth Flexible Municipal Income Fund stock. The shares were acquired at an average cost of $14.28 per share, for a total transaction of $2,856.00.
• On Wednesday, October 29th, Financial Holdings Rivernorth acquired 100 shares of RiverNorth Flexible Municipal Income Fund stock. The stock was acquired at an average cost of $14.31 per share, with a total value of $1,431.00.
• On Tuesday, October 28th, Financial Holdings Rivernorth acquired 881 shares of RiverNorth Flexible Municipal Income Fund stock. The shares were bought at an average cost of $14.31 per share, with a total value of $12,607.11.
• On Friday, October 24th, Financial Holdings Rivernorth acquired 141 shares of RiverNorth Flexible Municipal Income Fund stock. The stock was bought at an average price of $14.30 per share, for a total transaction of $2,016.30.
• On Thursday, October 23rd, Financial Holdings Rivernorth purchased 3,216 shares of RiverNorth Flexible Municipal Income Fund stock. The stock was bought at an average cost of $14.30 per share, for a total transaction of $45,988.80.
• On Wednesday, October 22nd, Financial Holdings Rivernorth acquired 3,352 shares of RiverNorth Flexible Municipal Income Fund stock. The shares were bought at an average price of $14.30 per share, with a total value of $47,933.60.
• On Tuesday, October 21st, Financial Holdings Rivernorth purchased 4,363 shares of RiverNorth Flexible Municipal Income Fund stock. The stock was purchased at an average price of $14.35 per share, with a total value of $62,609.05.

RiverNorth Flexible Municipal Income Fund Trading Down 0.4%

Shares of RFM stock traded down $0.06 on Friday, hitting $14.34. The company’s stock had a trading volume of 2,252 shares, compared to its average volume of 24,021. The stock’s 50 day moving average is $14.30 and its 200-day moving average is $14.11. RiverNorth Flexible Municipal Income Fund, Inc. has a fifty-two week low of $13.14 and a fifty-two week high of $16.15.

RiverNorth Flexible Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.094 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Monday, December 15th.

Institutional Investors Weigh In On RiverNorth Flexible Municipal Income Fund

Institutional investors have recently made changes to their positions in the stock. Capital Investment Advisors LLC raised its holdings in RiverNorth Flexible Municipal Income Fund by 6.8% in the 2nd quarter. Capital Investment Advisors LLC now owns 15,750 shares of the company’s stock valued at $220,000 after acquiring an additional 1,000 shares in the last quarter. River Street Advisors LLC acquired a new stake in RiverNorth Flexible Municipal Income Fund during the second quarter worth about $263,000. SteelPeak Wealth LLC increased its holdings in RiverNorth Flexible Municipal Income Fund by 6.4% in the 2nd quarter. SteelPeak Wealth LLC now owns 29,800 shares of the company’s stock valued at $416,000 after buying an additional 1,800 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of RiverNorth Flexible Municipal Income Fund by 322.8% during the 2nd quarter. NewEdge Advisors LLC now owns 23,005 shares of the company’s stock worth $321,000 after acquiring an additional 17,564 shares during the period. Finally, Raymond James Financial Inc. increased its stake in RiverNorth Flexible Municipal Income Fund by 14.7% in the second quarter. Raymond James Financial Inc. now owns 16,915 shares of the company’s stock valued at $236,000 after acquiring an additional 2,165 shares during the last quarter.

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.