LPL Financial LLC Invests $371,000 in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI)

LPL Financial LLC acquired a new stake in shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 24,607 shares of the company’s stock, valued at approximately $371,000.

Several other hedge funds also recently modified their holdings of RMI. Stratos Wealth Partners LTD. raised its position in RiverNorth Opportunistic Municipal Income Fund by 1.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 483,316 shares of the company’s stock valued at $7,279,000 after purchasing an additional 8,865 shares during the last quarter. Apollon Wealth Management LLC bought a new position in RiverNorth Opportunistic Municipal Income Fund in the 4th quarter valued at approximately $161,000. Robinson Capital Management LLC boosted its position in RiverNorth Opportunistic Municipal Income Fund by 22.3% during the 4th quarter. Robinson Capital Management LLC now owns 46,217 shares of the company’s stock worth $696,000 after buying an additional 8,441 shares during the period. Wolverine Asset Management LLC grew its holdings in RiverNorth Opportunistic Municipal Income Fund by 133.4% during the 4th quarter. Wolverine Asset Management LLC now owns 87,801 shares of the company’s stock worth $1,322,000 after acquiring an additional 50,176 shares during the last quarter. Finally, Noble Wealth Management PBC bought a new stake in RiverNorth Opportunistic Municipal Income Fund during the 4th quarter worth approximately $107,000.

RiverNorth Opportunistic Municipal Income Fund Stock Up 0.7 %

RMI stock opened at $14.28 on Friday. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 52-week low of $13.63 and a 52-week high of $16.74. The company has a fifty day moving average price of $14.91 and a 200-day moving average price of $15.43.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.0945 per share. This represents a $1.13 dividend on an annualized basis and a yield of 7.94%. The ex-dividend date is Friday, June 13th.

RiverNorth Opportunistic Municipal Income Fund Company Profile

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.