RiverNorth Flexible Municipal Income Fund
20 hedge funds and large institutions have $17.8M invested in RiverNorth Flexible Municipal Income Fund in 2021 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
43% more funds holding
Funds holding: 14 → 20 (+6)
0.74% more ownership
Funds ownership: 12.5% → 13.25% (+0.74%)
1% less capital invested
Capital invested by funds: $17.9M → $17.8M (-$149K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$647K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$388K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$317K |
| 4 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$262K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$241K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.03M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$266K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$89.4K |
| 4 |
Koshinski Asset Management
Decatur,
Illinois
|
-$28.1K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$5.71K |
RFM Hedge Fund Activity: Q4 2021 in Review
20 of the 6,519 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q4 2021, worth a combined $17.8M — down 0.83% from $17.9M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new RFM positions and 1 closed out — a net gain of 6 holders — while 6 added to existing stakes and 4 trimmed.
The largest buyer was Thomas J. Herzfeld Advisors, opening a new position worth an estimated $647K. The largest seller was Royal Bank of Canada, cutting an estimated $1.03M.
- 20 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q4 2021, up from 14 in Q3 2021.
- Funds reported $17.8M of RiverNorth Flexible Municipal Income Fund stock for Q4 2021, down 0.83% quarter-over-quarter.
- 7 funds opened new RiverNorth Flexible Municipal Income Fund positions in Q4 2021 and 1 closed out, a net change of +6 holders.
- The largest RiverNorth Flexible Municipal Income Fund buyer in Q4 2021 was Thomas J. Herzfeld Advisors, an estimated $647K added.
- The largest RiverNorth Flexible Municipal Income Fund seller in Q4 2021 was Royal Bank of Canada, an estimated $1.03M sold.
Based on aggregated 13F filings for Q4 2021.