Financial Holdings Rivernorth Buys 2,794 Shares of RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) Stock

Posted by Tristan Rich on Oct 23rd, 2025

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) insider Financial Holdings Rivernorth acquired 2,794 shares of the business’s stock in a transaction on Monday, October 20th. The shares were bought at an average cost of $14.60 per share, with a total value of $40,792.40. Following the completion of the acquisition, the insider owned 16,254 shares in the company, valued at approximately $237,308.40. This represents a 20.76% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

On Tuesday, October 21st, Financial Holdings Rivernorth acquired 2,891 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average cost of $14.60 per share, with a total value of $42,208.60.
On Friday, October 17th, Financial Holdings Rivernorth acquired 4,138 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average cost of $14.62 per share, with a total value of $60,497.56.
On Thursday, October 16th, Financial Holdings Rivernorth bought 3,041 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average price of $14.69 per share, with a total value of $44,672.29.
On Wednesday, October 15th, Financial Holdings Rivernorth bought 4,138 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average price of $14.74 per share, with a total value of $60,994.12.
On Tuesday, October 14th, Financial Holdings Rivernorth bought 1,240 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average price of $14.68 per share, with a total value of $18,203.20.
On Monday, October 13th, Financial Holdings Rivernorth acquired 903 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average cost of $14.65 per share, with a total value of $13,228.95.

RiverNorth Opportunistic Municipal Income Fund Trading Down 0.6%

NYSE:RMI opened at $14.46 on Thursday. RiverNorth Opportunistic Municipal Income Fund, Inc. has a twelve month low of $13.63 and a twelve month high of $16.74. The stock has a fifty day simple moving average of $14.32 and a 200-day simple moving average of $14.27.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.0945 dividend. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Institutional Investors Weigh In On RiverNorth Opportunistic Municipal Income Fund

A number of large investors have recently modified their holdings of RMI. 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 worth $37,000 after acquiring an additional 640 shares during the last quarter. Advisor Resource Council purchased a new stake in shares of RiverNorth Opportunistic Municipal Income Fund during the first quarter worth about $235,000. Concurrent Investment Advisors LLC grew its stake in shares of RiverNorth Opportunistic Municipal Income Fund by 24.2% during the first quarter. Concurrent Investment Advisors LLC now owns 23,645 shares of the company’s stock worth $353,000 after acquiring an additional 4,600 shares during the last quarter. Apollon Wealth Management LLC grew its stake in shares of RiverNorth Opportunistic Municipal Income Fund by 129.6% during the first quarter. Apollon Wealth Management LLC now owns 24,535 shares of the company’s stock worth $366,000 after acquiring an additional 13,850 shares during the last quarter. Finally, River Street Advisors LLC purchased a new stake in shares of RiverNorth Opportunistic Municipal Income Fund during the second quarter worth about $294,000.

RiverNorth Opportunistic Municipal Income Fund Company Profile

(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.