RiverNorth Opportunistic Municipal Income Fund
RMI
16 hedge funds and large institutions have $24.8M invested in RiverNorth Opportunistic Municipal Income Fund in 2021 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 5 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
23% more funds holding
Funds holding: 13 → 16 (+3)
1.5% more ownership
Funds ownership: 17.15% → 18.66% (+1.5%)
5% more capital invested
Capital invested by funds: $23.6M → $24.8M (+$1.16M)
20% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 5
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$771K |
| 2 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$357K |
| 3 |
XF
XML Financial
Bethesda,
Maryland
|
+$203K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$140K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$111K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$487K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$372K |
| 3 |
US Bancorp
Minneapolis,
Minnesota
|
-$27K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$26K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$18.8K |
RMI Hedge Fund Activity: Q4 2021 in Review
16 of the 6,499 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q4 2021, worth a combined $24.8M — up 4.9% from $23.6M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new RMI positions and 1 closed out — a net gain of 3 holders — while 4 added to existing stakes and 5 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $771K. The largest seller was UBS Group, cutting an estimated $487K.
- 16 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q4 2021, up from 13 in Q3 2021.
- Funds reported $24.8M of RiverNorth Opportunistic Municipal Income Fund stock for Q4 2021, up 4.9% quarter-over-quarter.
- 4 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q4 2021 and 1 closed out, a net change of +3 holders.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q4 2021 was Advisors Asset Management, an estimated $771K added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q4 2021 was UBS Group, an estimated $487K sold.
Based on aggregated 13F filings for Q4 2021.