RiverNorth Flexible Municipal Income Fund
6 hedge funds and large institutions have $3.92M invested in RiverNorth Flexible Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 1 increasing their positions, reducing their positions, and closing their positions.
1,116% more capital invested
Capital invested by funds: $322K → $3.92M (+$3.6M)
200% more funds holding
Funds holding: 2 → 6 (+4)
3.34% more ownership
Funds ownership: 0.29% → 3.63% (+3.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$2.13M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$729K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$451K |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
+$251K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$58.9K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
UBS Group
Zurich,
Switzerland
| $2.14M | +$2.13M | +108,013 | +9,819% |
|
|
2
Wells Fargo
San Francisco,
California
| $726K | +$729K | +37,000 | New |
|
|
3
Royal Bank of Canada
Toronto,
Ontario, Canada
| $449K | +$451K | +22,900 | New |
|
|
CIC
4
Carnegie Investment Counsel
Pepper Pike,
Ohio
| $294K | – | – | – |
|
|
WS
5
Wedbush Securities
Los Angeles,
California
| $249K | +$251K | +12,715 | New |
|
|
WAM
6
Wolverine Asset Management
Chicago,
Illinois
| $58K | +$58.9K | +2,988 | New |
|
RFM Hedge Fund Activity: Q2 2020 in Review
6 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q2 2020, worth a combined $3.92M — up 1,116% from $322K a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new RFM positions and 0 closed out — a net gain of 4 holders — while 1 added to existing stakes and 0 trimmed.
The largest buyer was UBS Group, adding an estimated $2.13M.
- 6 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q2 2020, up from 2 in Q1 2020.
- Funds reported $3.92M of RiverNorth Flexible Municipal Income Fund stock for Q2 2020, up 1,116% quarter-over-quarter.
- 4 funds opened new RiverNorth Flexible Municipal Income Fund positions in Q2 2020 and 0 closed out, a net change of +4 holders.
- The largest RiverNorth Flexible Municipal Income Fund buyer in Q2 2020 was UBS Group, an estimated $2.13M added.
Based on aggregated 13F filings for Q2 2020.