RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) Insider Purchases $18,916.54 in Stock

Posted by Brenda Bartman on Nov 12th, 2025

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) insider Financial Holdings Rivernorth bought 1,301 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was bought at an average cost of $14.54 per share, with a total value of $18,916.54. Following the completion of the acquisition, the insider owned 50,889 shares in the company, valued at $739,926.06. This represents a 2.62% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

On Tuesday, November 11th, Financial Holdings Rivernorth purchased 1,657 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was bought at an average price of $14.65 per share, for a total transaction of $24,275.05.
On Friday, November 7th, Financial Holdings Rivernorth acquired 6,857 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were bought at an average cost of $14.51 per share, with a total value of $99,495.07.
On Wednesday, November 5th, Financial Holdings Rivernorth bought 1,226 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was purchased at an average cost of $14.67 per share, for a total transaction of $17,985.42.
On Tuesday, November 4th, Financial Holdings Rivernorth purchased 6,857 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average cost of $14.69 per share, with a total value of $100,729.33.
On Monday, November 3rd, Financial Holdings Rivernorth acquired 1,640 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average cost of $14.65 per share, for a total transaction of $24,026.00.
On Friday, October 31st, Financial Holdings Rivernorth acquired 1,032 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were purchased at an average cost of $14.66 per share, with a total value of $15,129.12.
On Friday, October 24th, Financial Holdings Rivernorth bought 4,277 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was acquired at an average cost of $14.38 per share, for a total transaction of $61,503.26.
On Wednesday, October 22nd, Financial Holdings Rivernorth purchased 4,277 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were acquired at an average cost of $14.45 per share, with a total value of $61,802.65.
On Tuesday, October 21st, Financial Holdings Rivernorth acquired 2,891 shares of RiverNorth Opportunistic Municipal Income Fund stock. The stock was acquired at an average price of $14.60 per share, with a total value of $42,208.60.
On Monday, October 20th, Financial Holdings Rivernorth bought 2,794 shares of RiverNorth Opportunistic Municipal Income Fund stock. The shares were acquired at an average price of $14.60 per share, for a total transaction of $40,792.40.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

Shares of NYSE:RMI traded down $0.01 during midday trading on Wednesday, reaching $14.66. The company’s stock had a trading volume of 23,423 shares, compared to its average volume of 28,831. The business’s fifty day simple moving average is $14.51 and its 200-day simple moving average is $14.33. RiverNorth Opportunistic Municipal Income Fund, Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $16.74.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.0945 per share. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, December 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RMI. Bank of America Corp DE boosted its position in RiverNorth Opportunistic Municipal Income Fund by 35.6% in the 4th quarter. Bank of America Corp DE now owns 2,440 shares of the company’s stock valued at $37,000 after buying an additional 640 shares during the last quarter. Osaic Holdings Inc. increased its position in RiverNorth Opportunistic Municipal Income Fund by 17.0% in the second quarter. Osaic Holdings Inc. now owns 15,909 shares of the company’s stock worth $227,000 after purchasing an additional 2,315 shares during the period. Concurrent Investment Advisors LLC raised its holdings in RiverNorth Opportunistic Municipal Income Fund by 12.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 26,595 shares of the company’s stock worth $379,000 after purchasing an additional 2,950 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in shares of RiverNorth Opportunistic Municipal Income Fund by 129.6% in the 1st quarter. Apollon Wealth Management LLC now owns 24,535 shares of the company’s stock valued at $366,000 after purchasing an additional 13,850 shares during the last quarter. Finally, River Street Advisors LLC acquired a new stake in shares of RiverNorth Opportunistic Municipal Income Fund during the 2nd quarter worth approximately $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.