RiverNorth Opportunistic Municipal Income Fund
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$799K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$709K |
| 3 |
Morgan Stanley
New York
|
+$408K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$398K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$240K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIA
FNY Investment Advisers
New York
|
-$214K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$184K |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
-$130K |
RMI Hedge Fund Activity: Q3 2019 in Review
12 of the 4,575 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.