RiverNorth Opportunistic Municipal Income Fund
RMI
11 hedge funds and large institutions have $6.71M invested in RiverNorth Opportunistic Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 4 increasing their positions, reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
442% more capital invested
Capital invested by funds: $1.24M → $6.71M (+$5.48M)
120% more funds holding
Funds holding: 5 → 11 (+6)
4.37% more ownership
Funds ownership: 1.04% → 5.41% (+4.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.57M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$873K |
| 3 |
FM
Family Management
New York
|
+$743K |
| 4 |
Morgan Stanley
New York
|
+$580K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$576K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
-$4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.71M | +$1.57M | +77,203 | +1,635% |
|
|
2
UBS Group
Zurich,
Switzerland
| $1.45M | +$873K | +42,906 | +162% |
|
|
3
Morgan Stanley
New York
| $873K | +$580K | +28,498 | +212% |
|
|
FM
4
Family Management
New York
| $760K | +$743K | +36,502 | New |
|
|
5
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $590K | +$576K | +28,321 | New |
|
|
CWS
6
Cypress Wealth Services
Palm Desert,
California
| $427K | +$417K | +20,500 | New |
|
7
Wells Fargo
San Francisco,
California
| $354K | +$20 | +1 | +0% |
|
|
WAM
8
Wolverine Asset Management
Chicago,
Illinois
| $337K | +$330K | +16,228 | New |
|
|
TJHA
9
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $121K | +$118K | +5,816 | New |
|
|
FIA
10
FNY Investment Advisers
New York
| $99K | +$97.7K | +4,800 | New |
|
11
Citigroup
New York
| $3K | +$2.97K | +146 | New |
|
|
TRCT
12
Tower Research Capital (TRC)
New York
| – | -$4K | -200 | Closed |
|
RMI Hedge Fund Activity: Q1 2019 in Review
11 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q1 2019, worth a combined $6.71M — up 442% from $1.24M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new RMI positions and 1 closed out — a net gain of 6 holders — while 4 added to existing stakes and 0 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $1.57M. The largest seller was Tower Research Capital (TRC), exiting entirely with an estimated $4K sold.
- 11 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q1 2019, up from 5 in Q4 2018.
- Funds reported $6.71M of RiverNorth Opportunistic Municipal Income Fund stock for Q1 2019, up 442% quarter-over-quarter.
- 7 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q1 2019 and 1 closed out, a net change of +6 holders.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q1 2019 was Royal Bank of Canada, an estimated $1.57M added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q1 2019 was Tower Research Capital (TRC), an estimated $4K sold.
Based on aggregated 13F filings for Q1 2019.