Rivernorth Capital Management LLC Has $669,000 Stake in RiverNorth Flexible Municipal Income Fund, Inc. $RFM

Rivernorth Capital Management LLC increased its position in RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) by 318.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,654 shares of the company’s stock after purchasing an additional 36,267 shares during the quarter. Rivernorth Capital Management LLC’s holdings in RiverNorth Flexible Municipal Income Fund were worth $669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wolverine Asset Management LLC acquired a new position in shares of RiverNorth Flexible Municipal Income Fund in the 4th quarter valued at $72,000. LPL Financial LLC bought a new position in shares of RiverNorth Flexible Municipal Income Fund during the 4th quarter worth about $162,000. &PARTNERS acquired a new stake in shares of RiverNorth Flexible Municipal Income Fund during the 4th quarter valued at about $214,000. Closed End Fund Advisors Inc. acquired a new stake in shares of RiverNorth Flexible Municipal Income Fund during the 4th quarter valued at about $219,000. Finally, Osaic Holdings Inc. increased its stake in RiverNorth Flexible Municipal Income Fund by 17.9% in the fourth quarter. Osaic Holdings Inc. now owns 15,993 shares of the company’s stock valued at $223,000 after acquiring an additional 2,430 shares during the period.

RiverNorth Flexible Municipal Income Fund Price Performance

NYSEARCA:RFM opened at $14.63 on Thursday. RiverNorth Flexible Municipal Income Fund, Inc. has a 12-month low of $13.68 and a 12-month high of $15.03. The firm has a 50-day moving average price of $14.68 and a 200 day moving average price of $14.47.

RiverNorth Flexible Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.0881 dividend. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Wednesday, July 15th.

About RiverNorth Flexible Municipal Income Fund

The RiverNorth Flexible Municipal Income Fund, Inc seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.