RiverNorth Opportunistic Municipal Income Fund
16 hedge funds and large institutions have $17.3M invested in RiverNorth Opportunistic Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 1 reducing their positions, and 0 closing their positions.
700% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 1
33% more funds holding
Funds holding: 12 → 16 (+4)
13% more capital invested
Capital invested by funds: $15.3M → $17.3M (+$1.96M)
3.07% more ownership
Funds ownership: 11.33% → 14.4% (+3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.05M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$619K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$616K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$419K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$362K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Family Management
New York
|
-$202K |
RMI Hedge Fund Activity: Q1 2020 in Review
16 of the 4,548 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q1 2020, worth a combined $17.3M — up 13% from $15.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new RMI positions and 0 closed out — a net gain of 6 holders — while 8 added to existing stakes and 1 trimmed.
The largest buyer was Wells Fargo, adding an estimated $1.05M. The largest seller was Family Management, cutting an estimated $202K.
- 16 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q1 2020, up from 12 in Q4 2019.
- Funds reported $17.3M of RiverNorth Opportunistic Municipal Income Fund stock for Q1 2020, up 13% quarter-over-quarter.
- 6 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q1 2020 and 0 closed out, a net change of +6 holders.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q1 2020 was Wells Fargo, an estimated $1.05M added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q1 2020 was Family Management, an estimated $202K sold.
Based on aggregated 13F filings for Q1 2020.