RiverNorth Flexible Municipal Income Fund
17 hedge funds and large institutions have $10.2M invested in RiverNorth Flexible Municipal Income Fund in 2024 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 3 closing their positions.
1% more capital invested
Capital invested by funds: $10.1M → $10.2M (+$63.1K)
0.08% more ownership
Funds ownership: 10.22% → 10.3% (+0.08%)
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
11% less funds holding
Funds holding: 19 → 17 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$284K |
| 2 |
MWM
Modern Wealth Management
Lenexa,
Kansas
|
+$161K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$132K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$58.7K |
| 5 |
P
&Partners
Nashville,
Tennessee
|
+$40.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$180K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$125K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$112K |
| 4 |
WT
Whittier Trust
South Pasadena,
California
|
-$81.3K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$26.6K |
RFM Hedge Fund Activity: Q2 2024 in Review
17 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q2 2024, worth a combined $10.2M — up 0.62% from $10.1M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of RFM and 1 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 5 added.
The largest buyer was Morgan Stanley, adding an estimated $284K. The largest seller was B. Riley Wealth Advisors, exiting entirely with an estimated $180K sold.
- 17 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q2 2024, down from 19 in Q1 2024.
- Funds reported $10.2M of RiverNorth Flexible Municipal Income Fund stock for Q2 2024, up 0.62% quarter-over-quarter.
- 1 fund opened new RiverNorth Flexible Municipal Income Fund positions in Q2 2024 and 3 closed out, a net change of -2 holders.
- The largest RiverNorth Flexible Municipal Income Fund buyer in Q2 2024 was Morgan Stanley, an estimated $284K added.
- The largest RiverNorth Flexible Municipal Income Fund seller in Q2 2024 was B. Riley Wealth Advisors, an estimated $180K sold.
Based on aggregated 13F filings for Q2 2024.