RiverNorth Opportunistic Municipal Income Fund
RMI
13 hedge funds and large institutions have $23.6M invested in RiverNorth Opportunistic Municipal Income Fund in 2021 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 6 closing their positions.
0.09% less ownership
Funds ownership: 17.24% → 17.15% (-0.09%)
1% less capital invested
Capital invested by funds: $23.8M → $23.6M (-$200K)
32% less funds holding
Funds holding: 19 → 13 (-6)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$875K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$429K |
| 3 |
Morgan Stanley
New York
|
+$231K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$236 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$339K |
| 2 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$310K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$276K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$245K |
| 5 |
FM
Family Management
New York
|
-$218K |
RMI Hedge Fund Activity: Q3 2021 in Review
13 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q3 2021, worth a combined $23.6M — down 0.84% from $23.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of RMI and 0 opened new positions — a net loss of 6 holders — while 6 trimmed existing stakes and 4 added.
The largest buyer was Advisors Asset Management, adding an estimated $875K. The largest seller was Thomas J. Herzfeld Advisors, exiting entirely with an estimated $339K sold.
- 13 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q3 2021, down from 19 in Q2 2021.
- Funds reported $23.6M of RiverNorth Opportunistic Municipal Income Fund stock for Q3 2021, down 0.84% quarter-over-quarter.
- 0 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q3 2021 and 6 closed out, a net change of -6 holders.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q3 2021 was Advisors Asset Management, an estimated $875K added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q3 2021 was Thomas J. Herzfeld Advisors, an estimated $339K sold.
Based on aggregated 13F filings for Q3 2021.