RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) Insider Purchases $102,152.50 in Stock

Posted by Lauren Steadman on Nov 17th, 2025

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) insider Financial Holdings Rivernorth acquired 7,045 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average price of $14.50 per share, for a total transaction of $102,152.50. Following the completion of the transaction, the insider directly owned 63,255 shares in the company, valued at approximately $917,197.50. This represents a 12.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

On Thursday, November 13th, Financial Holdings Rivernorth bought 3,664 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were acquired at an average price of $14.60 per share, with a total value of $53,494.40.
On Tuesday, November 11th, Financial Holdings Rivernorth purchased 1,657 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was acquired at an average price of $14.65 per share, for a total transaction of $24,275.05.
On Monday, November 10th, Financial Holdings Rivernorth acquired 1,301 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average price of $14.54 per share, with a total value of $18,916.54.
On Friday, November 7th, Financial Holdings Rivernorth bought 6,857 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average price of $14.51 per share, for a total transaction 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 bought at an average cost of $14.67 per share, with a total value of $17,985.42.
On Tuesday, November 4th, Financial Holdings Rivernorth acquired 6,857 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was bought at an average price of $14.69 per share, for a total transaction 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 bought at an average price of $14.65 per share, with a total value of $24,026.00.
On Friday, October 31st, Financial Holdings Rivernorth bought 1,032 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was purchased at an average price of $14.66 per share, for a total transaction of $15,129.12.
On Friday, October 24th, Financial Holdings Rivernorth purchased 4,277 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average price of $14.38 per share, with a total value of $61,503.26.
On Wednesday, October 22nd, Financial Holdings Rivernorth acquired 4,277 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average cost of $14.45 per share, for a total transaction of $61,802.65.

RiverNorth Opportunistic Municipal Income Fund Stock Down 0.3%

RMI stock traded down $0.04 during midday trading on Monday, hitting $14.45. The stock had a trading volume of 45,809 shares, compared to its average volume of 28,935. The company’s 50-day moving average price is $14.55 and its 200 day moving average price is $14.33. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 12-month low of $13.63 and a 12-month high of $16.74.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

The firm also recently announced 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) annualized dividend and a yield of 7.8%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RMI. Bank of America Corp DE lifted its holdings 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 worth $37,000 after acquiring an additional 640 shares during the period. Osaic Holdings Inc. increased its position 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 purchasing an additional 2,315 shares during the last quarter. Arlington Capital Management Inc. purchased a new position in RiverNorth Opportunistic Municipal Income Fund during the third quarter worth approximately $253,000. River Street Advisors LLC purchased a new position in RiverNorth Opportunistic Municipal Income Fund during the second quarter worth approximately $294,000. Finally, Plancorp LLC acquired a new position in shares of RiverNorth Opportunistic Municipal Income Fund in the 3rd quarter valued at $308,000.

About RiverNorth Opportunistic Municipal Income Fund

(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.