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RMI

RiverNorth Opportunistic Municipal Income Fund
RMI

19 hedge funds and large institutions have $21M invested in RiverNorth Opportunistic Municipal Income Fund in 2024 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 4

8% more capital invested

Capital invested by funds: $19.5M → $21M (+$1.49M)

6% more funds holding

Funds holding: 18 → 19 (+1)

0.94% more ownership

Funds ownership: 19.18% → 20.12% (+0.94%)

Holders
19
Holders Change
+1
Holders Change %
+5.56%
% of All Funds
0.27%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
7
Reduced
4
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LSC
Logan Stone Capital
Illinois
+$628K
2
WAM
Wolverine Asset Management
Illinois
+$417K
3
PFS
Prospera Financial Services
Texas
+$262K
4
RCM
Robinson Capital Management
Michigan
+$162K
5
RJA
Raymond James & Associates
Florida
+$65.1K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$346K
2
SWP
Stratos Wealth Partners
Ohio
-$229K
3
Wells Fargo
Wells Fargo
California
-$70K
4
Osaic Holdings
Osaic Holdings
Arizona
-$18.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWP
1
Stratos Wealth Partners
Ohio
$7.75M -$229K -14,312 -3%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$2.42M +$44.5K +2,780 +2%
Wells Fargo
3
Wells Fargo
California
$2.09M -$70K -4,371 -3%
Morgan Stanley
4
Morgan Stanley
New York
$2M +$31.8K +1,985 +2%
UBS Group
5
UBS Group
Switzerland
$1.72M -$346K -21,582 -17%
LSC
6
Logan Stone Capital
Illinois
$641K +$628K +39,225 New
RCM
7
Robinson Capital Management
Michigan
$621K +$162K +10,129 +37%
WAM
8
Wolverine Asset Management
Illinois
$614K +$417K +26,010 +224%
CWS
9
Cypress Wealth Services
California
$531K – – –
PFS
10
Prospera Financial Services
Texas
$494K +$262K +16,369 +118%
RJA
11
Raymond James & Associates
Florida
$453K +$65.1K +4,067 +17%
NW
12
NewEdge Wealth
Pennsylvania
$406K – – –
CIA
13
Concurrent Investment Advisors
Florida
$311K – – –
FWM
14
Fairhaven Wealth Management
Illinois
$305K +$10.1K +632 +4%
XF
15
XML Financial
Maryland
$212K – – –
TPWM
16
Twelve Points Wealth Management
Massachusetts
$166K – – –
MFG
17
Mosaic Financial Group
Illinois
$163K – – –
Osaic Holdings
18
Osaic Holdings
Arizona
$41.8K -$18.1K -1,133 -31%
Bank of America
19
Bank of America
North Carolina
$29.4K – – –

RMI Hedge Fund Activity: Q3 2024 in Review

19 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q3 2024, worth a combined $21M — up 7.7% from $19.5M a quarter earlier.

Buyers outnumbered sellers: 1 fund opened new RMI positions and 0 closed out — a net gain of 1 holder — while 7 added to existing stakes and 4 trimmed.

The largest buyer was Logan Stone Capital, opening a new position worth an estimated $628K. The largest seller was UBS Group, cutting an estimated $346K.

  • 19 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q3 2024, up from 18 in Q2 2024.
  • Funds reported $21M of RiverNorth Opportunistic Municipal Income Fund stock for Q3 2024, up 7.7% quarter-over-quarter.
  • 1 fund opened new RiverNorth Opportunistic Municipal Income Fund positions in Q3 2024 and 0 closed out, a net change of +1 holder.
  • The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q3 2024 was Logan Stone Capital, an estimated $628K added.
  • The largest RiverNorth Opportunistic Municipal Income Fund seller in Q3 2024 was UBS Group, an estimated $346K sold.

Based on aggregated 13F filings for Q3 2024.