RiverNorth Flexible Municipal Income Fund
16 hedge funds and large institutions have $10.4M invested in RiverNorth Flexible Municipal Income Fund in 2023 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
7% more funds holding
Funds holding: 15 → 16 (+1)
0.26% less ownership
Funds ownership: 12.13% → 11.87% (-0.26%)
12% less capital invested
Capital invested by funds: $11.8M → $10.4M (-$1.42M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$418K |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$196K |
| 3 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$87K |
| 4 |
Morgan Stanley
New York
|
+$41K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$31.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$384K |
| 2 |
LPL Financial
San Diego,
California
|
-$273K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$229K |
| 4 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$141K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$34.4K |
RFM Hedge Fund Activity: Q3 2023 in Review
16 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q3 2023, worth a combined $10.4M — down 12% from $11.8M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new RFM positions and 1 closed out — a net gain of 1 holder — while 6 added to existing stakes and 4 trimmed.
The largest buyer was Wells Fargo, adding an estimated $418K. The largest seller was Logan Stone Capital, exiting entirely with an estimated $384K sold.
- 16 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q3 2023, up from 15 in Q2 2023.
- Funds reported $10.4M of RiverNorth Flexible Municipal Income Fund stock for Q3 2023, down 12% quarter-over-quarter.
- 2 funds opened new RiverNorth Flexible Municipal Income Fund positions in Q3 2023 and 1 closed out, a net change of +1 holder.
- The largest RiverNorth Flexible Municipal Income Fund buyer in Q3 2023 was Wells Fargo, an estimated $418K added.
- The largest RiverNorth Flexible Municipal Income Fund seller in Q3 2023 was Logan Stone Capital, an estimated $384K sold.
Based on aggregated 13F filings for Q3 2023.