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RFMZ

RiverNorth Flexible Municipal Income Fund II
RFMZ

19 hedge funds and large institutions have $21.8M invested in RiverNorth Flexible Municipal Income Fund II in 2021 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 3 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 3

58% more funds holding

Funds holding: 12 → 19 (+7)

18% more capital invested

Capital invested by funds: $18.4M → $21.8M (+$3.36M)

0.86% more ownership

Funds ownership: 4.13% → 4.98% (+0.86%)

Holders
19
Holders Change
+7
Holders Change %
+58.33%
% of All Funds
0.29%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
7
Reduced
3
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$1.98M
2
ACA
Ackerman Capital Advisors
Texas
+$540K
3
CCP
Clough Capital Partners
Massachusetts
+$392K
4
Morgan Stanley
Morgan Stanley
New York
+$337K
5
AA
AlphaCentric Advisors
Puerto Rico
+$299K

Top Sellers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$291K
2
UBS Group
UBS Group
Switzerland
-$207K
3
XF
XML Financial
Maryland
-$10.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
Rockefeller Capital Management
1
Rockefeller Capital Management
New York
$6.02M +$1.98M +98,203 +48%
UBS Group
2
UBS Group
Switzerland
$4.08M -$207K -10,225 -5%
HKIM
3
Hayek Kallen Investment Management
Alabama
$2.04M +$199K +9,850 +11%
Osaic Holdings
4
Osaic Holdings
Arizona
$1.58M +$284K +14,066 +22%
Wells Fargo
5
Wells Fargo
California
$1.49M +$56.4K +2,789 +4%
CAN
6
Cetera Advisor Networks
California
$1.48M +$131K +6,468 +10%
WS
7
Wedbush Securities
California
$1.14M +$24.6K +1,217 +2%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$836K -$291K -14,385 -25%
CIC
9
Carnegie Investment Counsel
Ohio
$596K – – –
ACA
10
Ackerman Capital Advisors
Texas
$531K +$540K +26,726 New
MC
11
Mathes Company
New York
$497K – – –
Morgan Stanley
12
Morgan Stanley
New York
$388K +$337K +16,688 +591%
CCP
13
Clough Capital Partners
Massachusetts
$385K +$392K +19,395 New
XF
14
XML Financial
Maryland
$372K -$10.1K -500 -3%
AA
15
AlphaCentric Advisors
Puerto Rico
$294K +$299K +14,800 New
GWM
16
Geneos Wealth Management
Colorado
$32K +$32.9K +1,630 New
CA
17
CoreCap Advisors
Michigan
$28K +$28.2K +1,395 New
WAM
18
Wolverine Asset Management
Illinois
$3K +$4.04K +200 New
TRCT
19
Tower Research Capital (TRC)
New York
– +$384 +19 New

RFMZ Hedge Fund Activity: Q4 2021 in Review

19 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Flexible Municipal Income Fund II (RFMZ) for Q4 2021, worth a combined $21.8M — up 18% from $18.4M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new RFMZ positions and 0 closed out — a net gain of 7 holders — while 7 added to existing stakes and 3 trimmed.

The largest buyer was Rockefeller Capital Management, adding an estimated $1.98M. The largest seller was Royal Bank of Canada, cutting an estimated $291K.

  • 19 institutional investors held RiverNorth Flexible Municipal Income Fund II (RFMZ) as of Q4 2021, up from 12 in Q3 2021.
  • Funds reported $21.8M of RiverNorth Flexible Municipal Income Fund II stock for Q4 2021, up 18% quarter-over-quarter.
  • 7 funds opened new RiverNorth Flexible Municipal Income Fund II positions in Q4 2021 and 0 closed out, a net change of +7 holders.
  • The largest RiverNorth Flexible Municipal Income Fund II buyer in Q4 2021 was Rockefeller Capital Management, an estimated $1.98M added.
  • The largest RiverNorth Flexible Municipal Income Fund II seller in Q4 2021 was Royal Bank of Canada, an estimated $291K sold.

Based on aggregated 13F filings for Q4 2021.