RiverNorth Flexible Municipal Income Fund
19 hedge funds and large institutions have $10.1M invested in RiverNorth Flexible Municipal Income Fund in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 1 increasing their positions, 9 reducing their positions, and 5 closing their positions.
0% more funds holding
Funds holding: 19 → 19 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
1.44% less ownership
Funds ownership: 11.66% → 10.22% (-1.4%)
8% less capital invested
Capital invested by funds: $11M → $10.1M (-$898K)
89% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FWM
Fairhaven Wealth Management
Oak Brook,
Illinois
|
+$288K |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$198K |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$79.8K |
| 4 |
WT
Whittier Trust
South Pasadena,
California
|
+$78.9K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$36.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$600K |
| 2 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
-$528K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$295K |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$224K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$196K |
RFM Hedge Fund Activity: Q1 2024 in Review
19 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q1 2024, worth a combined $10.1M — down 8.1% from $11M a quarter earlier.
Fund positioning in RFM was balanced in Q1 2024: 5 funds opened new positions, 5 closed out, 1 added to existing stakes and 9 trimmed.
The largest buyer was Fairhaven Wealth Management, opening a new position worth an estimated $288K. The largest seller was Morgan Stanley, cutting an estimated $600K.
- 19 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q1 2024, unchanged from Q4 2023.
- Funds reported $10.1M of RiverNorth Flexible Municipal Income Fund stock for Q1 2024, down 8.1% quarter-over-quarter.
- 5 funds opened new RiverNorth Flexible Municipal Income Fund positions in Q1 2024 and 5 closed out, a net change of 0 holders.
- The largest RiverNorth Flexible Municipal Income Fund buyer in Q1 2024 was Fairhaven Wealth Management, an estimated $288K added.
- The largest RiverNorth Flexible Municipal Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $600K sold.
Based on aggregated 13F filings for Q1 2024.