RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Investors of record on Friday, October 16th will be given a dividend of 0.0881 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, October 16th.
RiverNorth Flexible Municipal Income Fund Stock Up 0.4%
NYSEARCA RFM opened at $14.87 on Thursday. The firm’s fifty day moving average price is $14.52 and its 200 day moving average price is $14.36. RiverNorth Flexible Municipal Income Fund has a 12 month low of $13.68 and a 12 month high of $14.90.
Hedge Funds Weigh In On RiverNorth Flexible Municipal Income Fund
Hedge funds have recently made changes to their positions in the company. Rivernorth Capital Management LLC increased its position in shares of RiverNorth Flexible Municipal Income Fund by 318.5% during the first quarter. Rivernorth Capital Management LLC now owns 47,654 shares of the company’s stock worth $669,000 after purchasing an additional 36,267 shares in the last quarter. Royal Bank of Canada boosted its position in shares of RiverNorth Flexible Municipal Income Fund by 35.7% in the 1st quarter. Royal Bank of Canada now owns 67,484 shares of the company’s stock valued at $947,000 after purchasing an additional 17,738 shares during the period. NewEdge Advisors LLC grew its stake in 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 buying an additional 17,564 shares during the last quarter. Closed End Fund Advisors Inc. purchased a new position in RiverNorth Flexible Municipal Income Fund during the 4th quarter worth approximately $219,000. Finally, &PARTNERS acquired a new position in RiverNorth Flexible Municipal Income Fund during the fourth quarter worth approximately $214,000.
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.
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