RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) Insider Financial Holdings Rivernorth Acquires 5,058 Shares

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) insider Financial Holdings Rivernorth purchased 5,058 shares of RiverNorth Opportunistic Municipal Income Fund stock in a transaction that occurred on Thursday, December 18th. The shares were acquired at an average price of $14.46 per share, with a total value of $73,138.68. Following the acquisition, the insider directly owned 80,513 shares of the company’s stock, valued at $1,164,217.98. This trade represents a 6.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, November 24th, Financial Holdings Rivernorth acquired 5,558 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was acquired at an average price of $14.48 per share, for a total transaction of $80,479.84.
• On Monday, November 17th, Financial Holdings Rivernorth acquired 6,642 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was acquired at an average cost of $14.54 per share, with a total value of $96,574.68.
• On Friday, November 14th, Financial Holdings Rivernorth bought 7,045 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were acquired at an average price of $14.50 per share, with a total value of $102,152.50.
• 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 cost of $14.60 per share, for a total transaction 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 purchased 1,301 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were acquired at an average cost of $14.54 per share, with a total value of $18,916.54.
• On Friday, November 7th, Financial Holdings Rivernorth acquired 6,857 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average cost of $14.51 per share, with a total value of $99,495.07.
• On Wednesday, November 5th, Financial Holdings Rivernorth acquired 1,226 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was bought at an average cost of $14.67 per share, for a total transaction of $17,985.42.
• On Tuesday, November 4th, Financial Holdings Rivernorth bought 6,857 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average price of $14.69 per share, with a total value of $100,729.33.
• On Monday, November 3rd, Financial Holdings Rivernorth bought 1,640 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average cost of $14.65 per share, with a total value of $24,026.00.

RiverNorth Opportunistic Municipal Income Fund Trading Down 0.4%

Shares of RMI opened at $14.46 on Tuesday. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 52 week low of $13.63 and a 52 week high of $15.84. The firm’s 50-day simple moving average is $14.56 and its 200 day simple moving average is $14.35.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.0945 per share. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

Institutional Trading of RiverNorth Opportunistic Municipal Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. bought a new position in RiverNorth Opportunistic Municipal Income Fund during the 3rd quarter worth $494,000. Bank of America Corp DE grew its stake in shares of RiverNorth Opportunistic Municipal Income Fund by 176.7% in the third quarter. Bank of America Corp DE now owns 45,533 shares of the company’s stock valued at $666,000 after acquiring an additional 29,076 shares in the last quarter. Plancorp LLC acquired a new position in shares of RiverNorth Opportunistic Municipal Income Fund in the third quarter valued at about $308,000. River Street Advisors LLC bought a new position in RiverNorth Opportunistic Municipal Income Fund during the second quarter worth about $294,000. Finally, Arlington Capital Management Inc. bought a new position in RiverNorth Opportunistic Municipal Income Fund during the third quarter worth about $253,000.

RiverNorth Opportunistic Municipal Income Fund Company Profile

RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) is a closed-end management investment company that seeks to deliver tax-exempt income through diversified exposure to U.S. municipal securities. The fund is structured as a non-diversified, interval fund and primarily caters to investors pursuing high-quality, tax-advantaged income from state and local government obligations.

RMI employs an opportunistic, value-oriented investment process, focusing on both traditional investment-grade bonds and specialized niches within the municipal market.