RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Portfolio Manager Sells $11,964.32 in Stock

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Portfolio Manager Scott Sprauer sold 752 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $15.91, for a total value of $11,964.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

RiverNorth Opportunistic Municipal Income Fund Stock Up 0.5 %

Shares of NYSE:RMI opened at $15.95 on Wednesday. The company has a 50 day moving average of $16.12 and a two-hundred day moving average of $15.98. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 52-week low of $14.08 and a 52-week high of $16.51.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.0965 per share. This represents a $1.16 annualized dividend and a yield of 7.26%. The ex-dividend date is Friday, December 13th.

Hedge Funds Weigh In On RiverNorth Opportunistic Municipal Income Fund

An institutional investor recently bought a new position in RiverNorth Opportunistic Municipal Income Fund stock. Wolverine Asset Management LLC purchased a new position in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 11,615 shares of the company’s stock, valued at approximately $185,000.

RiverNorth Opportunistic Municipal Income Fund Company Profile

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.