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RMI

RiverNorth Opportunistic Municipal Income Fund
RMI

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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
16
Holders Change
+4
Holders Change %
+33.33%
% of All Funds
0.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
8
Reduced
1
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$1.05M
2
UBS Group
UBS Group
Switzerland
+$619K
3
Bank of America
Bank of America
North Carolina
+$616K
4
RCM
Robinson Capital Management
Michigan
+$419K
5
TJHA
Thomas J. Herzfeld Advisors
Florida
+$362K

Top Sellers

Rank Fund Capital Flow
1
FM
Family Management
New York
-$202K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$3.95M +$234K +10,702 +6%
UBS Group
2
UBS Group
Switzerland
$3.62M +$619K +28,270 +19%
Wells Fargo
3
Wells Fargo
California
$2.37M +$1.05M +47,755 +68%
Morgan Stanley
4
Morgan Stanley
New York
$1.83M +$94.1K +4,295 +5%
FM
5
Family Management
New York
$1.48M -$202K -9,202 -11%
Bank of America
6
Bank of America
North Carolina
$1.26M +$616K +28,124 +82%
TJHA
7
Thomas J. Herzfeld Advisors
Florida
$758K +$362K +16,512 +78%
CWS
8
Cypress Wealth Services
California
$423K +$10.9K +500 +2%
RCM
9
Robinson Capital Management
Michigan
$385K +$419K +19,130 New
GC
10
Gratus Capital
Georgia
$252K +$274K +12,500 New
BRWM
11
B. Riley Wealth Management
Tennessee
$239K +$260K +11,857 New
DIM
12
Delta Investment Management
California
$216K – – –
Osaic Holdings
13
Osaic Holdings
Arizona
$204K +$222K +10,136 New
FIA
14
FNY Investment Advisers
New York
$146K +$160K +7,300 New
Citigroup
15
Citigroup
New York
$73K +$6.29K +287 +9%
WAM
16
Wolverine Asset Management
Illinois
$66K +$72.1K +3,291 New

RMI Hedge Fund Activity: Q1 2020 in Review

16 of the 4,539 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.