RiverNorth Flexible Municipal Income Fund
14 hedge funds and large institutions have $17.9M invested in RiverNorth Flexible Municipal Income Fund in 2021 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 2 reducing their positions, and 5 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 2
0.07% more ownership
Funds ownership: 12.43% → 12.5% (+0.07%)
0% less capital invested
Capital invested by funds: $18M → $17.9M (-$73.9K)
13% less funds holding
Funds holding: 16 → 14 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
XF
XML Financial
Bethesda,
Maryland
|
+$236K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$155K |
| 3 |
WS
Wedbush Securities
Los Angeles,
California
|
+$107K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$88.9K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$63K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$439K |
| 2 |
FIA
FNY Investment Advisers
New York
|
-$82K |
| 3 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$59K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$32.6K |
| 5 |
CFO
CVA Family Office
Denver,
Colorado
|
-$18K |
RFM Hedge Fund Activity: Q3 2021 in Review
14 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q3 2021, worth a combined $17.9M — down 0.41% from $18M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of RFM and 3 opened new positions — a net loss of 2 holders — while 2 trimmed existing stakes and 6 added.
The largest buyer was XML Financial, opening a new position worth an estimated $236K. The largest seller was Thomas J. Herzfeld Advisors, exiting entirely with an estimated $439K sold.
- 14 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q3 2021, down from 16 in Q2 2021.
- Funds reported $17.9M of RiverNorth Flexible Municipal Income Fund stock for Q3 2021, down 0.41% quarter-over-quarter.
- 3 funds opened new RiverNorth Flexible Municipal Income Fund positions in Q3 2021 and 5 closed out, a net change of -2 holders.
- The largest RiverNorth Flexible Municipal Income Fund buyer in Q3 2021 was XML Financial, an estimated $236K added.
- The largest RiverNorth Flexible Municipal Income Fund seller in Q3 2021 was Thomas J. Herzfeld Advisors, an estimated $439K sold.
Based on aggregated 13F filings for Q3 2021.