RiverNorth Opportunistic Municipal Income Fund
RMI
17 hedge funds and large institutions have $14.4M invested in RiverNorth Opportunistic Municipal Income Fund in 2022 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 9 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
0% more funds holding
Funds holding: 17 → 17 (0)
0.32% less ownership
Funds ownership: 15.77% → 15.45% (-0.32%)
11% less capital invested
Capital invested by funds: $16.2M → $14.4M (-$1.82M)
67% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NW
NewEdge Wealth
Pittsburgh,
Pennsylvania
|
+$494K |
| 2 |
Morgan Stanley
New York
|
+$328K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$311K |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$243K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$106K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$450K |
| 2 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$320K |
| 3 |
Rockefeller Capital Management
New York
|
-$143K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$135K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$121K |
RMI Hedge Fund Activity: Q3 2022 in Review
17 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q3 2022, worth a combined $14.4M — down 11% from $16.2M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new RMI positions and 2 closed out — a net gain of 1 holder — while 3 added to existing stakes and 9 trimmed.
The largest buyer was NewEdge Wealth, opening a new position worth an estimated $494K. The largest seller was UBS Group, cutting an estimated $450K.
- 17 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q3 2022, unchanged from Q2 2022.
- Funds reported $14.4M of RiverNorth Opportunistic Municipal Income Fund stock for Q3 2022, down 11% quarter-over-quarter.
- 3 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q3 2022 and 2 closed out, a net change of +1 holder.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q3 2022 was NewEdge Wealth, an estimated $494K added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q3 2022 was UBS Group, an estimated $450K sold.
Based on aggregated 13F filings for Q3 2022.