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RFM

RiverNorth Flexible Municipal Income Fund
RFM

15 hedge funds and large institutions have $15.5M invested in RiverNorth Flexible Municipal Income Fund in 2021 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 0 reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more capital invested

Capital invested by funds: $7.26M → $15.5M (+$8.22M)

67% more funds holding

Funds holding: 9 → 15 (+6)

5.43% more ownership

Funds ownership: 6.04% → 11.47% (+5.4%)

Holders
15
Holders Change
+6
Holders Change %
+66.67%
% of All Funds
0.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
8
Reduced
–
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$5.07M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$751K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$654K
4
WS
Wedbush Securities
California
+$377K
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$322K

Top Sellers

No sellers this quarter
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$5.08M +$5.07M +230,073 New
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$2.77M +$654K +29,690 +31%
UBS Group
3
UBS Group
Switzerland
$1.74M +$145K +6,602 +9%
Wells Fargo
4
Wells Fargo
California
$1.65M +$226K +10,239 +16%
Northwestern Mutual Wealth Management
5
Northwestern Mutual Wealth Management
Wisconsin
$1.4M +$322K +14,611 +30%
PNC Financial Services Group
6
PNC Financial Services Group
Pennsylvania
$752K +$751K +34,100 New
WS
7
Wedbush Securities
California
$622K +$377K +17,108 +154%
Morgan Stanley
8
Morgan Stanley
New York
$474K +$55.2K +2,507 +13%
TJHA
9
Thomas J. Herzfeld Advisors
Florida
$430K +$303K +13,732 +239%
CIC
10
Carnegie Investment Counsel
Ohio
$331K – – –
SWM
11
Spire Wealth Management
Virginia
$179K +$179K +8,100 New
FIA
12
FNY Investment Advisers
New York
$33K +$19.8K +900 +150%
Osaic Holdings
13
Osaic Holdings
Arizona
$22K +$22K +1,000 New
CFO
14
CVA Family Office
Colorado
$16K +$16.3K +740 New
RCM
15
Robinson Capital Management
Michigan
$3K +$2.49K +113 New

RFM Hedge Fund Activity: Q1 2021 in Review

15 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q1 2021, worth a combined $15.5M — up 113% from $7.26M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new RFM positions and 0 closed out — a net gain of 6 holders — while 8 added to existing stakes and 0 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $5.07M.

  • 15 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q1 2021, up from 9 in Q4 2020.
  • Funds reported $15.5M of RiverNorth Flexible Municipal Income Fund stock for Q1 2021, up 113% quarter-over-quarter.
  • 6 funds opened new RiverNorth Flexible Municipal Income Fund positions in Q1 2021 and 0 closed out, a net change of +6 holders.
  • The largest RiverNorth Flexible Municipal Income Fund buyer in Q1 2021 was Karpus Investment Management, an estimated $5.07M added.

Based on aggregated 13F filings for Q1 2021.