RiverNorth Opportunistic Municipal Income Fund
13 hedge funds and large institutions have $10.4M invested in RiverNorth Opportunistic Municipal Income Fund in 2019 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 2 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
200% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 2
55% more capital invested
Capital invested by funds: $6.71M → $10.4M (+$3.72M)
18% more funds holding
Funds holding: 11 → 13 (+2)
2.79% more ownership
Funds ownership: 5.41% → 8.2% (+2.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.46M |
| 2 |
FM
Family Management
New York
|
+$1.01M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$737K |
| 4 |
Morgan Stanley
New York
|
+$514K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$499K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$590K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$313K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$161K |
RMI Hedge Fund Activity: Q2 2019 in Review
13 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q2 2019, worth a combined $10.4M — up 55% from $6.71M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new RMI positions and 1 closed out — a net gain of 2 holders — while 6 added to existing stakes and 2 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $1.46M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $590K sold.
- 13 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q2 2019, up from 11 in Q1 2019.
- Funds reported $10.4M of RiverNorth Opportunistic Municipal Income Fund stock for Q2 2019, up 55% quarter-over-quarter.
- 3 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q2 2019 and 1 closed out, a net change of +2 holders.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q2 2019 was Royal Bank of Canada, an estimated $1.46M added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q2 2019 was Susquehanna International Group, an estimated $590K sold.
Based on aggregated 13F filings for Q2 2019.