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RFMZ

RiverNorth Flexible Municipal Income Fund II
RFMZ

14 hedge funds and large institutions have $12.6M invested in RiverNorth Flexible Municipal Income Fund II in 2021 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 1 reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 1

100% more funds holding

Funds holding: 7 → 14 (+7)

65% more capital invested

Capital invested by funds: $7.59M → $12.6M (+$4.96M)

1.07% more ownership

Funds ownership: 1.72% → 2.79% (+1.1%)

Holders
14
Holders Change
+7
Holders Change %
+100%
% of All Funds
0.24%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
5
Reduced
1
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$2.05M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$891K
3
CIC
Carnegie Investment Counsel
Ohio
+$607K
4
Wells Fargo
Wells Fargo
California
+$442K
5
Citadel Advisors
Citadel Advisors
Florida
+$374K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$711K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$2.47M -$711K -35,135 -23%
Rockefeller Capital Management
2
Rockefeller Capital Management
New York
$2.12M +$2.05M +101,433 +4,069%
HKIM
3
Hayek Kallen Investment Management
Alabama
$1.66M +$25.3K +1,250 +2%
Wells Fargo
4
Wells Fargo
California
$1.64M +$442K +21,876 +37%
Osaic Holdings
5
Osaic Holdings
Arizona
$1.18M +$148K +7,322 +15%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$1.03M +$891K +44,077 +700%
CIC
7
Carnegie Investment Counsel
Ohio
$612K +$607K +30,000 New
MC
8
Mathes Company
New York
$510K – – –
Citadel Advisors
9
Citadel Advisors
Florida
$377K +$374K +18,475 New
BRWM
10
B. Riley Wealth Management
Tennessee
$289K +$287K +14,173 New
WS
11
Wedbush Securities
California
$250K +$248K +12,250 New
MHS
12
M Holdings Securities
Oregon
$204K +$202K +10,000 New
WAM
13
Wolverine Asset Management
Illinois
$180K +$179K +8,836 New
Morgan Stanley
14
Morgan Stanley
New York
$31K +$30.3K +1,500 New

RFMZ Hedge Fund Activity: Q2 2021 in Review

14 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund II (RFMZ) for Q2 2021, worth a combined $12.6M — up 65% from $7.59M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new RFMZ positions and 0 closed out — a net gain of 7 holders — while 5 added to existing stakes and 1 trimmed.

The largest buyer was Rockefeller Capital Management, adding an estimated $2.05M. The largest seller was UBS Group, cutting an estimated $711K.

  • 14 institutional investors held RiverNorth Flexible Municipal Income Fund II (RFMZ) as of Q2 2021, up from 7 in Q1 2021.
  • Funds reported $12.6M of RiverNorth Flexible Municipal Income Fund II stock for Q2 2021, up 65% quarter-over-quarter.
  • 7 funds opened new RiverNorth Flexible Municipal Income Fund II positions in Q2 2021 and 0 closed out, a net change of +7 holders.
  • The largest RiverNorth Flexible Municipal Income Fund II buyer in Q2 2021 was Rockefeller Capital Management, an estimated $2.05M added.
  • The largest RiverNorth Flexible Municipal Income Fund II seller in Q2 2021 was UBS Group, an estimated $711K sold.

Based on aggregated 13F filings for Q2 2021.