Financial Holdings Rivernorth Buys 1,301 Shares of RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) Stock

Posted by Danessa Lincoln on Nov 14th, 2025

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) insider Financial Holdings Rivernorth bought 1,301 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was acquired at an average cost of $14.54 per share, for a total transaction of $18,916.54. Following the purchase, the insider owned 50,889 shares in the company, valued at approximately $739,926.06. This trade represents a 2.62% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Financial Holdings Rivernorth also recently made the following trade(s):

On Tuesday, November 11th, Financial Holdings Rivernorth purchased 1,657 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were acquired at an average cost of $14.65 per share, with a total value of $24,275.05.
On Friday, November 7th, Financial Holdings Rivernorth acquired 6,857 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was bought at an average cost of $14.51 per share, for a total transaction of $99,495.07.
On Wednesday, November 5th, Financial Holdings Rivernorth acquired 1,226 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average price of $14.67 per share, for a total transaction of $17,985.42.
On Tuesday, November 4th, Financial Holdings Rivernorth bought 6,857 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was bought at an average cost of $14.69 per share, with a total value of $100,729.33.
On Monday, November 3rd, Financial Holdings Rivernorth bought 1,640 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was bought at an average price of $14.65 per share, with a total value of $24,026.00.
On Friday, October 31st, Financial Holdings Rivernorth bought 1,032 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average price of $14.66 per share, for a total transaction of $15,129.12.
On Friday, October 24th, Financial Holdings Rivernorth purchased 4,277 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average cost of $14.38 per share, for a total transaction of $61,503.26.
On Wednesday, October 22nd, Financial Holdings Rivernorth purchased 4,277 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was bought at an average price of $14.45 per share, with a total value of $61,802.65.
On Tuesday, October 21st, Financial Holdings Rivernorth acquired 2,891 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was purchased at an average cost of $14.60 per share, with a total value of $42,208.60.
On Monday, October 20th, Financial Holdings Rivernorth acquired 2,794 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average price of $14.60 per share, for a total transaction of $40,792.40.

RiverNorth Opportunistic Municipal Income Fund Price Performance

NYSE RMI opened at $14.67 on Friday. The company’s fifty day simple moving average is $14.54 and its 200-day simple moving average is $14.33. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 52 week low of $13.63 and a 52 week high of $16.74.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $0.0945 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) annualized dividend and a yield of 7.7%.

Hedge Funds Weigh In On RiverNorth Opportunistic Municipal Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of RiverNorth Opportunistic Municipal Income Fund by 35.6% during the fourth quarter. Bank of America Corp DE now owns 2,440 shares of the company’s stock valued at $37,000 after acquiring an additional 640 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of RiverNorth Opportunistic Municipal Income Fund by 17.0% in the second quarter. Osaic Holdings Inc. now owns 15,909 shares of the company’s stock worth $227,000 after acquiring an additional 2,315 shares in the last quarter. River Street Advisors LLC purchased a new position in RiverNorth Opportunistic Municipal Income Fund in the second quarter valued at about $294,000. Plancorp LLC purchased a new position in RiverNorth Opportunistic Municipal Income Fund in the third quarter valued at about $308,000. Finally, Apollon Wealth Management LLC grew its stake in RiverNorth Opportunistic Municipal Income Fund by 129.6% during the 1st quarter. Apollon Wealth Management LLC now owns 24,535 shares of the company’s stock valued at $366,000 after purchasing an additional 13,850 shares in the last quarter.

About RiverNorth Opportunistic Municipal Income Fund

(Get Free Report)

The RiverNorth Opportunistic Municipal Income Fund, Inc (the “Fund”) seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.