Rockefeller Capital Management L.P. Has $1.03 Million Position in RiverNorth Opportunistic Municipal Income Fund, Inc. $RMI

Rockefeller Capital Management L.P. boosted its holdings in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMIFree Report) by 252.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,050 shares of the company’s stock after acquiring an additional 51,625 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $1,031,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in 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 valued at $37,000 after purchasing an additional 640 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of RiverNorth Opportunistic Municipal Income Fund in the 4th quarter worth approximately $161,000. Noble Wealth Management PBC lifted its position in shares of RiverNorth Opportunistic Municipal Income Fund by 6.8% during the 4th quarter. Noble Wealth Management PBC now owns 15,492 shares of the company’s stock worth $222,000 after buying an additional 992 shares during the period. Osaic Holdings Inc. lifted its position in shares of RiverNorth Opportunistic Municipal Income Fund by 17.0% during the 2nd quarter. Osaic Holdings Inc. now owns 15,909 shares of the company’s stock worth $227,000 after buying an additional 2,315 shares during the period. Finally, Arlington Capital Management Inc. bought a new position in shares of RiverNorth Opportunistic Municipal Income Fund during the 3rd quarter worth approximately $253,000.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

Shares of NYSE:RMI opened at $15.62 on Friday. The business’s fifty day moving average price is $15.30 and its two-hundred day moving average price is $15.13. RiverNorth Opportunistic Municipal Income Fund, Inc. has a fifty-two week low of $13.71 and a fifty-two week high of $16.36.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.0889 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Wednesday, July 15th.

RiverNorth Opportunistic Municipal Income Fund Profile

(Free Report)

RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) is a closed-end management investment company that seeks to deliver tax-exempt income through diversified exposure to U.S. municipal securities. The fund is structured as a non-diversified, interval fund and primarily caters to investors pursuing high-quality, tax-advantaged income from state and local government obligations.

RMI employs an opportunistic, value-oriented investment process, focusing on both traditional investment-grade bonds and specialized niches within the municipal market.

See Also

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Institutional Ownership by Quarter for RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI)

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