Insider Buying: RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) Insider Buys 1,301 Shares of Stock

Posted by Lauren Steadman on Nov 12th, 2025

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) insider Financial Holdings Rivernorth acquired 1,301 shares of the company’s stock in a transaction on Monday, November 10th. The stock was bought at an average price of $14.54 per share, for a total transaction of $18,916.54. Following the purchase, the insider owned 50,889 shares in the company, valued at approximately $739,926.06. This trade represents a 2.62% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

On Tuesday, November 11th, Financial Holdings Rivernorth purchased 1,657 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 $24,275.05.
On Friday, November 7th, Financial Holdings Rivernorth acquired 6,857 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average price of $14.51 per share, with a total value of $99,495.07.
On Wednesday, November 5th, Financial Holdings Rivernorth purchased 1,226 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average cost of $14.67 per share, with a total value of $17,985.42.
On Tuesday, November 4th, Financial Holdings Rivernorth purchased 6,857 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was purchased at an average cost of $14.69 per share, with a total value of $100,729.33.
On Monday, November 3rd, Financial Holdings Rivernorth acquired 1,640 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were acquired at an average cost of $14.65 per share, for a total transaction of $24,026.00.
On Friday, October 31st, Financial Holdings Rivernorth bought 1,032 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were acquired at an average cost of $14.66 per share, for a total transaction of $15,129.12.
On Friday, October 24th, Financial Holdings Rivernorth acquired 4,277 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was bought at an average cost of $14.38 per share, for a total transaction of $61,503.26.
On Wednesday, October 22nd, Financial Holdings Rivernorth bought 4,277 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average cost of $14.45 per share, with a total value of $61,802.65.
On Tuesday, October 21st, Financial Holdings Rivernorth acquired 2,891 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was acquired at an average price of $14.60 per share, for a total transaction of $42,208.60.
On Monday, October 20th, Financial Holdings Rivernorth bought 2,794 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was acquired at an average cost of $14.60 per share, for a total transaction of $40,792.40.

RiverNorth Opportunistic Municipal Income Fund Trading Down 0.1%

Shares of RiverNorth Opportunistic Municipal Income Fund stock traded down $0.01 during midday trading on Wednesday, hitting $14.66. The company had a trading volume of 23,423 shares, compared to its average volume of 28,831. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 1-year low of $13.63 and a 1-year high of $16.74. The business’s 50 day simple moving average is $14.51 and its two-hundred day simple moving average is $14.33.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.0945 dividend. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Monday, December 15th.

Hedge Funds Weigh In On RiverNorth Opportunistic Municipal Income Fund

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of RiverNorth Opportunistic Municipal Income Fund by 35.6% in the 4th quarter. Bank of America Corp DE now owns 2,440 shares of the company’s stock worth $37,000 after acquiring an additional 640 shares during the period. Osaic Holdings Inc. lifted its position in RiverNorth Opportunistic Municipal Income Fund by 17.0% in the second quarter. Osaic Holdings Inc. now owns 15,909 shares of the company’s stock worth $227,000 after purchasing an additional 2,315 shares during the period. River Street Advisors LLC acquired a new stake in RiverNorth Opportunistic Municipal Income Fund during the second quarter worth $294,000. Plancorp LLC bought a new stake in RiverNorth Opportunistic Municipal Income Fund in the 3rd quarter valued at $308,000. Finally, Apollon Wealth Management LLC lifted its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 129.6% during the 1st quarter. Apollon Wealth Management LLC now owns 24,535 shares of the company’s stock worth $366,000 after acquiring an additional 13,850 shares during the period.

RiverNorth Opportunistic Municipal Income Fund Company Profile

(Get Free Report)

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.