RiverNorth Opportunistic Municipal Income Fund
17 hedge funds and large institutions have $16.4M invested in RiverNorth Opportunistic Municipal Income Fund in 2022 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 5 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
6% less funds holding
Funds holding: 18 → 17 (-1)
8% less capital invested
Capital invested by funds: $17.8M → $16.4M (-$1.36M)
14.62% less ownership
Funds ownership: 30.39% → 15.77% (-15%)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WS
Wedbush Securities
Los Angeles,
California
|
+$804K |
| 2 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$714K |
| 3 |
MC
Moors & Cabot
Boston,
Massachusetts
|
+$316K |
| 4 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$240K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$150K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FWM
Fortress Wealth Management
Culver City,
California
|
-$951K |
| 2 |
QCG
Quadrant Capital Group
Cincinnati,
Ohio
|
-$900K |
| 3 |
Morgan Stanley
New York
|
-$354K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$265K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$242K |
RMI Hedge Fund Activity: Q2 2022 in Review
17 of the 5,960 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q2 2022, worth a combined $16.4M — down 7.6% from $17.8M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of RMI and 4 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 6 added.
The largest buyer was Wedbush Securities, opening a new position worth an estimated $804K. The largest seller was Fortress Wealth Management, exiting entirely with an estimated $951K sold.
- 17 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q2 2022, down from 18 in Q1 2022.
- Funds reported $16.4M of RiverNorth Opportunistic Municipal Income Fund stock for Q2 2022, down 7.6% quarter-over-quarter.
- 4 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q2 2022 and 5 closed out, a net change of -1 holder.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q2 2022 was Wedbush Securities, an estimated $804K added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q2 2022 was Fortress Wealth Management, an estimated $951K sold.
Based on aggregated 13F filings for Q2 2022.