RiverNorth Flexible Municipal Income Fund
19 hedge funds and large institutions have $10.9M invested in RiverNorth Flexible Municipal Income Fund in 2024 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
12% more funds holding
Funds holding: 17 → 19 (+2)
7% more capital invested
Capital invested by funds: $10.2M → $10.9M (+$670K)
0.61% more ownership
Funds ownership: 10.3% → 10.91% (+0.61%)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$755K |
| 2 |
SW
SteelPeak Wealth
Woodland Hills,
California
|
+$308K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$196K |
| 4 |
Morgan Stanley
New York
|
+$56.5K |
| 5 |
FWM
Fairhaven Wealth Management
Oak Brook,
Illinois
|
+$10K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWM
Modern Wealth Management
Lenexa,
Kansas
|
-$162K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$149K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$147K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$96K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$86.5K |
RFM Hedge Fund Activity: Q3 2024 in Review
19 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund (RFM) for Q3 2024, worth a combined $10.9M — up 6.6% from $10.2M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new RFM positions and 1 closed out — a net gain of 2 holders — while 5 added to existing stakes and 8 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $755K. The largest seller was Modern Wealth Management, exiting entirely with an estimated $162K sold.
- 19 institutional investors held RiverNorth Flexible Municipal Income Fund (RFM) as of Q3 2024, up from 17 in Q2 2024.
- Funds reported $10.9M of RiverNorth Flexible Municipal Income Fund stock for Q3 2024, up 6.6% quarter-over-quarter.
- 3 funds opened new RiverNorth Flexible Municipal Income Fund positions in Q3 2024 and 1 closed out, a net change of +2 holders.
- The largest RiverNorth Flexible Municipal Income Fund buyer in Q3 2024 was Wolverine Asset Management, an estimated $755K added.
- The largest RiverNorth Flexible Municipal Income Fund seller in Q3 2024 was Modern Wealth Management, an estimated $162K sold.
Based on aggregated 13F filings for Q3 2024.