RiverNorth Opportunistic Municipal Income Fund
20 hedge funds and large institutions have $21.5M invested in RiverNorth Opportunistic Municipal Income Fund in 2024 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
5% more funds holding
Funds holding: 19 → 20 (+1)
3% more capital invested
Capital invested by funds: $20.9M → $21.5M (+$600K)
0.53% less ownership
Funds ownership: 21.49% → 20.96% (-0.53%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$308K |
| 2 |
FWM
Fairhaven Wealth Management
Oak Brook,
Illinois
|
+$288K |
| 3 |
WS
Wedbush Securities
Los Angeles,
California
|
+$174K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$150K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$122K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$970K |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$350K |
| 3 |
ARC
Advisor Resource Council
Dallas,
Texas
|
-$240K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$141K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$53.7K |
RMI Hedge Fund Activity: Q1 2024 in Review
20 of the 6,959 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q1 2024, worth a combined $21.5M — up 2.9% from $20.9M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new RMI positions and 2 closed out — a net gain of 1 holder — while 7 added to existing stakes and 6 trimmed.
The largest buyer was Wells Fargo, adding an estimated $308K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $970K sold.
- 20 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q1 2024, up from 19 in Q4 2023.
- Funds reported $21.5M of RiverNorth Opportunistic Municipal Income Fund stock for Q1 2024, up 2.9% quarter-over-quarter.
- 3 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q1 2024 and 2 closed out, a net change of +1 holder.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q1 2024 was Wells Fargo, an estimated $308K added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q1 2024 was Wolverine Asset Management, an estimated $970K sold.
Based on aggregated 13F filings for Q1 2024.