RiverNorth Opportunistic Municipal Income Fund
19 hedge funds and large institutions have $17.5M invested in RiverNorth Opportunistic Municipal Income Fund in 2023 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
12% more funds holding
Funds holding: 17 → 19 (+2)
0.79% less ownership
Funds ownership: 19.78% → 18.99% (-0.79%)
9% less capital invested
Capital invested by funds: $19.3M → $17.5M (-$1.78M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$632K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$253K |
| 3 |
CWA
CM Wealth Advisors
Beachwood,
Ohio
|
+$156K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$141K |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$70.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$242K |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
-$223K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$152K |
| 4 |
Morgan Stanley
New York
|
-$102K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$82.4K |
RMI Hedge Fund Activity: Q3 2023 in Review
19 of the 6,311 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q3 2023, worth a combined $17.5M — down 9.2% from $19.3M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new RMI positions and 2 closed out — a net gain of 2 holders — while 6 added to existing stakes and 5 trimmed.
The largest buyer was Wells Fargo, adding an estimated $632K. The largest seller was B. Riley Wealth Advisors, exiting entirely with an estimated $242K sold.
- 19 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q3 2023, up from 17 in Q2 2023.
- Funds reported $17.5M of RiverNorth Opportunistic Municipal Income Fund stock for Q3 2023, down 9.2% quarter-over-quarter.
- 4 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q3 2023 and 2 closed out, a net change of +2 holders.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q3 2023 was Wells Fargo, an estimated $632K added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q3 2023 was B. Riley Wealth Advisors, an estimated $242K sold.
Based on aggregated 13F filings for Q3 2023.