RiverNorth Flexible Municipal Income Fund
9 hedge funds and large institutions have $7.26M invested in RiverNorth Flexible Municipal Income Fund in 2020 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 1 reducing their positions, and 0 closing their positions.
400% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 1
29% more funds holding
Funds holding: 7 → 9 (+2)
27% more capital invested
Capital invested by funds: $5.72M → $7.26M (+$1.54M)
0.93% more ownership
Funds ownership: 5.12% → 6.04% (+0.93%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$557K |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
+$231K |
| 3 |
Morgan Stanley
New York
|
+$125K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$94K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$35.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$14.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Royal Bank of Canada
Toronto,
Ontario, Canada
| $2.09M | +$35.4K | +1,700 | +2% |
|
|
2
UBS Group
Zurich,
Switzerland
| $1.58M | +$94K | +4,519 | +7% |
|
|
3
Wells Fargo
San Francisco,
California
| $1.41M | -$14.5K | -699 | -1% |
|
|
4
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $1.06M | +$557K | +26,770 | +123% |
|
|
5
Morgan Stanley
New York
| $414K | +$125K | +6,005 | +46% |
|
|
CIC
6
Carnegie Investment Counsel
Pepper Pike,
Ohio
| $328K | – | – | – |
|
|
WS
7
Wedbush Securities
Los Angeles,
California
| $242K | +$231K | +11,086 | New |
|
|
TJHA
8
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $126K | +$19.2K | +922 | +19% |
|
|
FIA
9
FNY Investment Advisers
New York
| $13K | +$12.5K | +600 | New |
|
RFM Hedge Fund Activity: Q4 2020 in Review
9 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q4 2020, worth a combined $7.26M — up 27% from $5.72M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new RFM positions and 0 closed out — a net gain of 2 holders — while 5 added to existing stakes and 1 trimmed.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $557K. The largest seller was Wells Fargo, cutting an estimated $14.5K.
- 9 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q4 2020, up from 7 in Q3 2020.
- Funds reported $7.26M of RiverNorth Flexible Municipal Income Fund stock for Q4 2020, up 27% quarter-over-quarter.
- 2 funds opened new RiverNorth Flexible Municipal Income Fund positions in Q4 2020 and 0 closed out, a net change of +2 holders.
- The largest RiverNorth Flexible Municipal Income Fund buyer in Q4 2020 was Northwestern Mutual Wealth Management, an estimated $557K added.
- The largest RiverNorth Flexible Municipal Income Fund seller in Q4 2020 was Wells Fargo, an estimated $14.5K sold.
Based on aggregated 13F filings for Q4 2020.