RiverNorth Opportunistic Municipal Income Fund
RMI
16 hedge funds and large institutions have $22.7M invested in RiverNorth Opportunistic Municipal Income Fund in 2021 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 2 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
0% more capital invested
Capital invested by funds: $22.7M → $22.7M (+$8K)
0% more funds holding
Funds holding: 16 → 16 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
0.39% less ownership
Funds ownership: 17.68% → 17.29% (-0.39%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$359K |
| 2 |
Morgan Stanley
New York
|
+$236K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$195K |
| 4 |
CWS
Cypress Wealth Services
Palm Desert,
California
|
+$91.8K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$62.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$699K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$280K |
| 3 |
FM
Family Management
New York
|
-$270K |
| 4 |
TWP
TFO Wealth Partners
Maumee,
Ohio
|
-$107K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$86.8K |
RMI Hedge Fund Activity: Q1 2021 in Review
16 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q1 2021, worth a combined $22.7M — up 0.04% from $22.7M a quarter earlier.
Fund positioning in RMI was balanced in Q1 2021: 2 funds opened new positions, 2 closed out, 7 added to existing stakes and 5 trimmed.
The largest buyer was Ackerman Capital Advisors, opening a new position worth an estimated $359K. The largest seller was Wells Fargo, cutting an estimated $699K.
- 16 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q1 2021, unchanged from Q4 2020.
- Funds reported $22.7M of RiverNorth Opportunistic Municipal Income Fund stock for Q1 2021, up 0.04% quarter-over-quarter.
- 2 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q1 2021 and 2 closed out, a net change of 0 holders.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q1 2021 was Ackerman Capital Advisors, an estimated $359K added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q1 2021 was Wells Fargo, an estimated $699K sold.
Based on aggregated 13F filings for Q1 2021.