RiverNorth Opportunistic Municipal Income Fund
RMI
18 hedge funds and large institutions have $17.8M invested in RiverNorth Opportunistic Municipal Income Fund in 2022 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
13% more funds holding
Funds holding: 16 → 18 (+2)
11.73% more ownership
Funds ownership: 18.66% → 30.39% (+12%)
28% less capital invested
Capital invested by funds: $24.8M → $17.8M (-$7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QCG
Quadrant Capital Group
Cincinnati,
Ohio
|
+$18M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.26M |
| 3 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$1.12M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$481K |
| 5 |
Rockefeller Capital Management
New York
|
+$220K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$3.63M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.46M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.21M |
| 4 |
Morgan Stanley
New York
|
-$298K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$134K |
RMI Hedge Fund Activity: Q1 2022 in Review
18 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q1 2022, worth a combined $17.8M — down 28% from $24.8M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new RMI positions and 1 closed out — a net gain of 2 holders — while 7 added to existing stakes and 4 trimmed.
The largest buyer was Quadrant Capital Group, opening a new position worth an estimated $18M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $3.63M sold.
- 18 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q1 2022, up from 16 in Q4 2021.
- Funds reported $17.8M of RiverNorth Opportunistic Municipal Income Fund stock for Q1 2022, down 28% quarter-over-quarter.
- 3 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q1 2022 and 1 closed out, a net change of +2 holders.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q1 2022 was Quadrant Capital Group, an estimated $18M added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q1 2022 was Robinson Capital Management, an estimated $3.63M sold.
Based on aggregated 13F filings for Q1 2022.