RiverNorth Opportunistic Municipal Income Fund
RMI
14 hedge funds and large institutions have $22.2M invested in RiverNorth Opportunistic Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 3 closing their positions.
28% more capital invested
Capital invested by funds: $17.3M → $22.2M (+$4.89M)
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
3.1% more ownership
Funds ownership: 14.4% → 17.5% (+3.1%)
13% less funds holding
Funds holding: 16 → 14 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$3.04M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$574K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$323K |
| 4 |
Morgan Stanley
New York
|
+$230K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$148K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$239K |
| 2 |
FIA
FNY Investment Advisers
New York
|
-$146K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$93.5K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$66K |
| 5 |
FM
Family Management
New York
|
-$20.4K |
RMI Hedge Fund Activity: Q2 2020 in Review
14 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q2 2020, worth a combined $22.2M — up 28% from $17.3M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of RMI and 1 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 6 added.
The largest buyer was Robinson Capital Management, adding an estimated $3.04M. The largest seller was B. Riley Wealth Management, exiting entirely with an estimated $239K sold.
- 14 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q2 2020, down from 16 in Q1 2020.
- Funds reported $22.2M of RiverNorth Opportunistic Municipal Income Fund stock for Q2 2020, up 28% quarter-over-quarter.
- 1 fund opened new RiverNorth Opportunistic Municipal Income Fund positions in Q2 2020 and 3 closed out, a net change of -2 holders.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q2 2020 was Robinson Capital Management, an estimated $3.04M added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q2 2020 was B. Riley Wealth Management, an estimated $239K sold.
Based on aggregated 13F filings for Q2 2020.