RiverNorth Opportunistic Municipal Income Fund
RMI
12 hedge funds and large institutions have $15.3M invested in RiverNorth Opportunistic Municipal Income Fund in 2019 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 2 reducing their positions, and 1 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 2
17% more capital invested
Capital invested by funds: $13.1M → $15.3M (+$2.18M)
1.41% more ownership
Funds ownership: 9.91% → 11.33% (+1.4%)
0% more funds holding
Funds holding: 12 → 12 (0)
0% more first-time investments, than exits
New positions opened: 1 | Existing positions closed: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$697K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$530K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$339K |
| 4 |
DIM
Delta Investment Management
San Francisco,
California
|
+$237K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$72.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$60K |
| 2 |
FM
Family Management
New York
|
-$41.2K |
| 3 |
AM
Atwater Malick
Lancaster,
Pennsylvania
|
-$30K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Royal Bank of Canada
Toronto,
Ontario, Canada
| $4.21M | +$530K | +23,982 | +15% |
|
|
2
UBS Group
Zurich,
Switzerland
| $3.44M | +$339K | +15,356 | +11% |
|
3
Morgan Stanley
New York
| $1.97M | +$46.1K | +2,088 | +2% |
|
|
FM
4
Family Management
New York
| $1.88M | -$41.2K | -1,864 | -2% |
|
|
5
Wells Fargo
San Francisco,
California
| $1.59M | +$697K | +31,577 | +82% |
|
|
6
Bank of America
Charlotte,
North Carolina
| $780K | +$72.4K | +3,280 | +11% |
|
|
TJHA
7
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $480K | -$60K | -2,716 | -11% |
|
|
CWS
8
Cypress Wealth Services
Palm Desert,
California
| $465K | – | – | – |
|
|
DIM
9
Delta Investment Management
San Francisco,
California
| $243K | +$237K | +10,750 | New |
|
|
AG
10
Advisor Group
Phoenix,
Arizona
| $126K | +$16.6K | +750 | +16% |
|
11
Citigroup
New York
| $76K | +$11.2K | +509 | +18% |
|
|
LTFS
12
Ladenburg Thalmann Financial Services
Miami,
Florida
| $63K | +$43.4K | +1,966 | +238% |
|
|
AM
13
Atwater Malick
Lancaster,
Pennsylvania
| – | -$30K | -1,350 | Closed |
|
RMI Hedge Fund Activity: Q4 2019 in Review
12 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q4 2019, worth a combined $15.3M — up 17% from $13.1M a quarter earlier.
Fund positioning in RMI was balanced in Q4 2019: 1 fund opened new positions, 1 closed out, 8 added to existing stakes and 2 trimmed.
The largest buyer was Wells Fargo, adding an estimated $697K. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $60K.
- 12 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q4 2019, unchanged from Q3 2019.
- Funds reported $15.3M of RiverNorth Opportunistic Municipal Income Fund stock for Q4 2019, up 17% quarter-over-quarter.
- 1 fund opened new RiverNorth Opportunistic Municipal Income Fund positions in Q4 2019 and 1 closed out, a net change of 0 holders.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q4 2019 was Wells Fargo, an estimated $697K added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q4 2019 was Thomas J. Herzfeld Advisors, an estimated $60K sold.
Based on aggregated 13F filings for Q4 2019.