RiverNorth Flexible Municipal Income Fund (NYSEARCA:RFM) Insider Financial Holdings Rivernorth Purchases 4,363 Shares of Stock

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) insider Financial Holdings Rivernorth bought 4,363 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The stock was bought at an average price of $14.35 per share, with a total value of $62,609.05. Following the transaction, the insider directly owned 4,363 shares in the company, valued at $62,609.05. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

RiverNorth Flexible Municipal Income Fund Trading Down 0.3%

Shares of RFM opened at $14.33 on Thursday. The firm has a 50-day moving average price of $14.18 and a 200 day moving average price of $14.06. RiverNorth Flexible Municipal Income Fund, Inc. has a 52-week low of $13.14 and a 52-week high of $16.15.

RiverNorth Flexible Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.094 dividend. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Monday, December 15th.

Institutional Investors Weigh In On RiverNorth Flexible Municipal Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SteelPeak Wealth LLC lifted its holdings in RiverNorth Flexible Municipal Income Fund by 6.4% in the 2nd quarter. SteelPeak Wealth LLC now owns 29,800 shares of the company’s stock valued at $416,000 after acquiring an additional 1,800 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in RiverNorth Flexible Municipal Income Fund by 322.8% in the 2nd quarter. NewEdge Advisors LLC now owns 23,005 shares of the company’s stock valued at $321,000 after acquiring an additional 17,564 shares during the last quarter. River Street Advisors LLC acquired a new stake in RiverNorth Flexible Municipal Income Fund in the 2nd quarter valued at about $263,000. Raymond James Financial Inc. lifted its holdings in RiverNorth Flexible Municipal Income Fund by 14.7% in the 2nd quarter. Raymond James Financial Inc. now owns 16,915 shares of the company’s stock valued at $236,000 after acquiring an additional 2,165 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its holdings in RiverNorth Flexible Municipal Income Fund by 6.8% in the 2nd quarter. Capital Investment Advisors LLC now owns 15,750 shares of the company’s stock valued at $220,000 after acquiring an additional 1,000 shares during the last quarter.

RiverNorth Flexible Municipal Income Fund Company Profile

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.