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RMI

RiverNorth Opportunistic Municipal Income Fund
RMI

12 hedge funds and large institutions have $13.1M invested in RiverNorth Opportunistic Municipal Income Fund in 2019 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 0 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more capital invested

Capital invested by funds: $10.4M → $13.1M (+$2.7M)

1.71% more ownership

Funds ownership: 8.2% → 9.91% (+1.7%)

8% less funds holding

Funds holding: 13 → 12 (-1)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

Holders
12
Holders Change
-1
Holders Change %
-7.69%
% of All Funds
0.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
9
Reduced
–
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$799K
2
UBS Group
UBS Group
Switzerland
+$709K
3
Morgan Stanley
Morgan Stanley
New York
+$408K
4
TJHA
Thomas J. Herzfeld Advisors
Florida
+$398K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$240K

Top Sellers

Rank Fund Capital Flow
1
FIA
FNY Investment Advisers
New York
-$214K
2
WAM
Wolverine Asset Management
Illinois
-$184K
3
CL
CSS LLC
Illinois
-$130K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$3.59M +$240K +10,880 +7%
UBS Group
2
UBS Group
Switzerland
$3.03M +$709K +32,164 +31%
FM
3
Family Management
New York
$1.88M +$15.7K +713 +0.8%
Morgan Stanley
4
Morgan Stanley
New York
$1.88M +$408K +18,487 +28%
Wells Fargo
5
Wells Fargo
California
$856K +$799K +36,220 +1,574%
Bank of America
6
Bank of America
North Carolina
$691K +$168K +7,606 +32%
TJHA
7
Thomas J. Herzfeld Advisors
Florida
$530K +$398K +18,045 +310%
CWS
8
Cypress Wealth Services
California
$456K – – –
AG
9
Advisor Group
Arizona
$107K +$6.61K +300 +7%
Citigroup
10
Citigroup
New York
$63K +$882 +40 +1%
AM
11
Atwater Malick
Pennsylvania
$30K +$29.8K +1,350 New
LTFS
12
Ladenburg Thalmann Financial Services
Florida
$18K +$18.2K +825 New
FIA
13
FNY Investment Advisers
New York
– -$214K -10,038 Closed
WAM
14
Wolverine Asset Management
Illinois
– -$184K -8,632 Closed
CL
15
CSS LLC
Illinois
– -$130K -6,100 Closed

RMI Hedge Fund Activity: Q3 2019 in Review

12 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q3 2019, worth a combined $13.1M — up 26% from $10.4M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of RMI and 2 opened new positions — a net loss of 1 holder — while 0 trimmed existing stakes and 9 added.

The largest buyer was Wells Fargo, adding an estimated $799K. The largest seller was FNY Investment Advisers, exiting entirely with an estimated $214K sold.

  • 12 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q3 2019, down from 13 in Q2 2019.
  • Funds reported $13.1M of RiverNorth Opportunistic Municipal Income Fund stock for Q3 2019, up 26% quarter-over-quarter.
  • 2 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q3 2019 and 3 closed out, a net change of -1 holder.
  • The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q3 2019 was Wells Fargo, an estimated $799K added.
  • The largest RiverNorth Opportunistic Municipal Income Fund seller in Q3 2019 was FNY Investment Advisers, an estimated $214K sold.

Based on aggregated 13F filings for Q3 2019.