RiverNorth Flexible Municipal Income Fund
20 hedge funds and large institutions have $14.5M invested in RiverNorth Flexible Municipal Income Fund in 2022 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 6 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
0% more funds holding
Funds holding: 20 → 20 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
0.5% less ownership
Funds ownership: 13.25% → 12.75% (-0.5%)
18% less capital invested
Capital invested by funds: $17.8M → $14.5M (-$3.26M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$744K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$376K |
| 3 |
CA
Cetera Advisors
Denver,
Colorado
|
+$250K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$226K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$215K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$1.58M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$618K |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$250K |
| 4 |
SFG
StrategIQ Financial Group
Merrillville,
Indiana
|
-$200K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$158K |
RFM Hedge Fund Activity: Q1 2022 in Review
20 of the 6,361 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q1 2022, worth a combined $14.5M — down 18% from $17.8M a quarter earlier.
Fund positioning in RFM was balanced in Q1 2022: 6 funds opened new positions, 6 closed out, 7 added to existing stakes and 4 trimmed.
The largest buyer was Wells Fargo, adding an estimated $744K. The largest seller was Northwestern Mutual Wealth Management, cutting an estimated $1.58M.
- 20 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q1 2022, unchanged from Q4 2021.
- Funds reported $14.5M of RiverNorth Flexible Municipal Income Fund stock for Q1 2022, down 18% quarter-over-quarter.
- 6 funds opened new RiverNorth Flexible Municipal Income Fund positions in Q1 2022 and 6 closed out, a net change of 0 holders.
- The largest RiverNorth Flexible Municipal Income Fund buyer in Q1 2022 was Wells Fargo, an estimated $744K added.
- The largest RiverNorth Flexible Municipal Income Fund seller in Q1 2022 was Northwestern Mutual Wealth Management, an estimated $1.58M sold.
Based on aggregated 13F filings for Q1 2022.