RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Shares Acquired by Robinson Capital Management LLC

Robinson Capital Management LLC boosted its holdings in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 22.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,217 shares of the company’s stock after purchasing an additional 8,441 shares during the quarter. Robinson Capital Management LLC’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $696,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC acquired a new position in shares of RiverNorth Opportunistic Municipal Income Fund in the 4th quarter valued at about $161,000. Prospera Financial Services Inc boosted its stake in RiverNorth Opportunistic Municipal Income Fund by 117.9% in the third quarter. Prospera Financial Services Inc now owns 30,258 shares of the company’s stock valued at $494,000 after acquiring an additional 16,369 shares during the period. Wolverine Asset Management LLC grew its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 223.9% during the third quarter. Wolverine Asset Management LLC now owns 37,625 shares of the company’s stock valued at $614,000 after purchasing an additional 26,010 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in shares of RiverNorth Opportunistic Municipal Income Fund by 1.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 483,316 shares of the company’s stock worth $7,279,000 after purchasing an additional 8,865 shares during the period.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

NYSE:RMI opened at $15.69 on Tuesday. The business has a 50 day simple moving average of $15.44 and a 200 day simple moving average of $15.84. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 12-month low of $14.79 and a 12-month high of $16.74.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0945 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.13 annualized dividend and a dividend yield of 7.23%.

RiverNorth Opportunistic Municipal Income Fund 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.