RiverNorth Flexible Municipal Income Fund II
RFMZ
26 hedge funds and large institutions have $29.4M invested in RiverNorth Flexible Municipal Income Fund II in 2022 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 10 increasing their positions, 2 reducing their positions, and 4 closing their positions.
400% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 2
200% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 4
37% more funds holding
Funds holding: 19 → 26 (+7)
35% more capital invested
Capital invested by funds: $21.8M → $29.4M (+$7.62M)
3.42% more ownership
Funds ownership: 4.98% → 8.4% (+3.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$2.97M |
| 2 |
VanEck Associates
New York
|
+$2.34M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$1.46M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.24M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$531K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$263K |
| 3 |
HKIM
Hayek Kallen Investment Management
Fairhope,
Alabama
|
-$82.9K |
| 4 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
-$32K |
| 5 |
CA
CoreCap Advisors
Southfield,
Michigan
|
-$28K |
RFMZ Hedge Fund Activity: Q1 2022 in Review
26 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund II (RFMZ) for Q1 2022, worth a combined $29.4M — up 35% from $21.8M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new RFMZ positions and 4 closed out — a net gain of 8 holders — while 10 added to existing stakes and 2 trimmed.
The largest buyer was UBS Group, adding an estimated $2.97M. The largest seller was Ackerman Capital Advisors, exiting entirely with an estimated $531K sold.
- 26 institutional investors held RiverNorth Flexible Municipal Income Fund II (RFMZ) as of Q1 2022, up from 19 in Q4 2021.
- Funds reported $29.4M of RiverNorth Flexible Municipal Income Fund II stock for Q1 2022, up 35% quarter-over-quarter.
- 12 funds opened new RiverNorth Flexible Municipal Income Fund II positions in Q1 2022 and 4 closed out, a net change of +8 holders.
- The largest RiverNorth Flexible Municipal Income Fund II buyer in Q1 2022 was UBS Group, an estimated $2.97M added.
- The largest RiverNorth Flexible Municipal Income Fund II seller in Q1 2022 was Ackerman Capital Advisors, an estimated $531K sold.
Based on aggregated 13F filings for Q1 2022.