RiverNorth Opportunistic Municipal Income Fund
17 hedge funds and large institutions have $19.3M invested in RiverNorth Opportunistic Municipal Income Fund in 2023 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 2 closing their positions.
175% more capital inflows, than outflows
Capital inflows: $6.06M | Capital outflows: $2.21M
3.96% more ownership
Funds ownership: 15.83% → 19.78% (+4%)
6% less funds holding
Funds holding: 18 → 17 (-1)
14% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 7
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stratos Wealth Partners
Beachwood,
Ohio
|
+$5.42M |
| 2 |
XML Financial
Bethesda,
Maryland
|
+$352K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$192K |
| 4 |
Morgan Stanley
New York
|
+$75.5K |
| 5 |
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$14.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Advisors Asset Management
Monument,
Colorado
|
-$967K |
| 2 |
Wedbush Securities
Los Angeles,
California
|
-$440K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$264K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$185K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$175K |
RMI Hedge Fund Activity: Q2 2023 in Review
17 of the 6,389 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q2 2023, worth a combined $19.3M — up 22% from $15.8M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of RMI and 1 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 6 added.
The largest buyer was Stratos Wealth Partners, adding an estimated $5.42M. The largest seller was Advisors Asset Management, cutting an estimated $967K.
- 17 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q2 2023, down from 18 in Q1 2023.
- Funds reported $19.3M of RiverNorth Opportunistic Municipal Income Fund stock for Q2 2023, up 22% quarter-over-quarter.
- 1 fund opened new RiverNorth Opportunistic Municipal Income Fund positions in Q2 2023 and 2 closed out, a net change of -1 holder.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q2 2023 was Stratos Wealth Partners, an estimated $5.42M added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q2 2023 was Advisors Asset Management, an estimated $967K sold.
Based on aggregated 13F filings for Q2 2023.