RiverNorth Flexible Municipal Income Fund II
RFMZ
12 hedge funds and large institutions have $18.4M invested in RiverNorth Flexible Municipal Income Fund II in 2021 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 1 reducing their positions, and 3 closing their positions.
600% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 1
47% more capital invested
Capital invested by funds: $12.6M → $18.4M (+$5.87M)
1.34% more ownership
Funds ownership: 2.79% → 4.13% (+1.3%)
14% less funds holding
Funds holding: 14 → 12 (-2)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rockefeller Capital Management
New York
|
+$2.13M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.99M |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$1.44M |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
+$925K |
| 5 |
XF
XML Financial
Bethesda,
Maryland
|
+$406K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$377K |
| 2 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$289K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$180K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$179K |
RFMZ Hedge Fund Activity: Q3 2021 in Review
12 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund II (RFMZ) for Q3 2021, worth a combined $18.4M — up 47% from $12.6M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of RFMZ and 2 opened new positions — a net loss of 1 holder — while 1 trimmed existing stakes and 7 added.
The largest buyer was Rockefeller Capital Management, adding an estimated $2.13M. The largest seller was Citadel Advisors, exiting entirely with an estimated $377K sold.
- 12 institutional investors held RiverNorth Flexible Municipal Income Fund II (RFMZ) as of Q3 2021, down from 14 in Q2 2021.
- Funds reported $18.4M of RiverNorth Flexible Municipal Income Fund II stock for Q3 2021, up 47% quarter-over-quarter.
- 2 funds opened new RiverNorth Flexible Municipal Income Fund II positions in Q3 2021 and 3 closed out, a net change of -1 holder.
- The largest RiverNorth Flexible Municipal Income Fund II buyer in Q3 2021 was Rockefeller Capital Management, an estimated $2.13M added.
- The largest RiverNorth Flexible Municipal Income Fund II seller in Q3 2021 was Citadel Advisors, an estimated $377K sold.
Based on aggregated 13F filings for Q3 2021.