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RFM

RiverNorth Flexible Municipal Income Fund
RFM

17 hedge funds and large institutions have $11.9M invested in RiverNorth Flexible Municipal Income Fund in 2023 Q1 according to their latest regulatory filings, with 0 funds opening new positions, 9 increasing their positions, 4 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 4

8% more capital invested

Capital invested by funds: $11M → $11.9M (+$875K)

1.06% more ownership

Funds ownership: 11.51% → 12.57% (+1.1%)

0% more funds holding

Funds holding: 17 → 17 (0)

Holders
17
Holders Change
–
Holders Change %
0%
% of All Funds
0.27%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
–
Increased
9
Reduced
4
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LSC
Logan Stone Capital
Illinois
+$613K
2
UBS Group
UBS Group
Switzerland
+$172K
3
Wells Fargo
Wells Fargo
California
+$149K
4
CIA
Capital Investment Advisors
Georgia
+$51.9K
5
SWM
Spire Wealth Management
Virginia
+$39.9K

Top Sellers

Rank Fund Capital Flow
1
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$22.8K
2
MC
Moors & Cabot
Massachusetts
-$16K
3
Morgan Stanley
Morgan Stanley
New York
-$12.6K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$11.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$1.81M +$172K +10,768 +10%
LSC
2
Logan Stone Capital
Illinois
$1.71M +$613K +38,425 +54%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$1.55M -$11.3K -707 -0.7%
Wells Fargo
4
Wells Fargo
California
$1.49M +$149K +9,349 +11%
LPL Financial
5
LPL Financial
California
$1.36M – – –
WS
6
Wedbush Securities
California
$974K +$22.9K +1,437 +2%
Morgan Stanley
7
Morgan Stanley
New York
$876K -$12.6K -789 -1%
MC
8
Moors & Cabot
Massachusetts
$697K -$16K -1,000 -2%
RP
9
Riverbridge Partners
Minnesota
$473K +$19.5K +1,224 +4%
CIA
10
Capital Investment Advisors
Georgia
$259K +$51.9K +3,250 +24%
CIC
11
Carnegie Investment Counsel
Ohio
$232K – – –
XF
12
XML Financial
Maryland
$224K – – –
SWM
13
Spire Wealth Management
Virginia
$133K +$39.9K +2,500 +41%
Osaic Holdings
14
Osaic Holdings
Arizona
$71.6K +$20K +1,254 +37%
WAM
15
Wolverine Asset Management
Illinois
$37.5K +$12.8K +800 +49%
Northwestern Mutual Wealth Management
16
Northwestern Mutual Wealth Management
Wisconsin
$18.3K -$22.8K -1,426 -55%
ASN
17
Advisory Services Network
Georgia
$12.9K – – –

RFM Hedge Fund Activity: Q1 2023 in Review

17 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q1 2023, worth a combined $11.9M — up 7.9% from $11M a quarter earlier.

Fund positioning in RFM was balanced in Q1 2023: 0 funds opened new positions, 0 closed out, 9 added to existing stakes and 4 trimmed.

The largest buyer was Logan Stone Capital, adding an estimated $613K. The largest seller was Northwestern Mutual Wealth Management, cutting an estimated $22.8K.

  • 17 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $11.9M of RiverNorth Flexible Municipal Income Fund stock for Q1 2023, up 7.9% quarter-over-quarter.
  • 0 funds opened new RiverNorth Flexible Municipal Income Fund positions in Q1 2023 and 0 closed out.
  • The largest RiverNorth Flexible Municipal Income Fund buyer in Q1 2023 was Logan Stone Capital, an estimated $613K added.
  • The largest RiverNorth Flexible Municipal Income Fund seller in Q1 2023 was Northwestern Mutual Wealth Management, an estimated $22.8K sold.

Based on aggregated 13F filings for Q1 2023.