RiverNorth Opportunistic Municipal Income Fund
RMI
16 hedge funds and large institutions have $22.7M invested in RiverNorth Opportunistic Municipal Income Fund in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
11% more capital invested
Capital invested by funds: $20.5M → $22.7M (+$2.17M)
7% more funds holding
Funds holding: 15 → 16 (+1)
0.83% more ownership
Funds ownership: 16.85% → 17.68% (+0.83%)
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.22M |
| 2 |
CWS
Cypress Wealth Services
Palm Desert,
California
|
+$539K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$273K |
| 4 |
TWP
TFO Wealth Partners
Maumee,
Ohio
|
+$105K |
| 5 |
FIA
FNY Investment Advisers
New York
|
+$41.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.02M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$329K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$272K |
| 4 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$242K |
| 5 |
DIM
Delta Investment Management
San Francisco,
California
|
-$219K |
RMI Hedge Fund Activity: Q4 2020 in Review
16 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q4 2020, worth a combined $22.7M — up 11% from $20.5M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new RMI positions and 3 closed out — a net gain of 1 holder — while 5 added to existing stakes and 5 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $2.22M. The largest seller was Bank of America, cutting an estimated $1.02M.
- 16 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q4 2020, up from 15 in Q3 2020.
- Funds reported $22.7M of RiverNorth Opportunistic Municipal Income Fund stock for Q4 2020, up 11% quarter-over-quarter.
- 4 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q4 2020 and 3 closed out, a net change of +1 holder.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q4 2020 was Karpus Investment Management, an estimated $2.22M added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q4 2020 was Bank of America, an estimated $1.02M sold.
Based on aggregated 13F filings for Q4 2020.