Gateway Wealth Partners LLC boosted its position in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Free Report) by 152.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,236 shares of the company’s stock after acquiring an additional 64,151 shares during the quarter. Gateway Wealth Partners LLC’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $1,600,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. UBS Group AG lifted its stake in RiverNorth Opportunistic Municipal Income Fund by 2.8% during the third quarter. UBS Group AG now owns 161,653 shares of the company’s stock worth $2,363,000 after purchasing an additional 4,472 shares during the last quarter. Royal Bank of Canada increased its position in shares of RiverNorth Opportunistic Municipal Income Fund by 1.2% during the 4th quarter. Royal Bank of Canada now owns 96,874 shares of the company’s stock valued at $1,386,000 after purchasing an additional 1,141 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 252.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 72,050 shares of the company’s stock valued at $1,031,000 after buying an additional 51,625 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 176.7% during the 3rd quarter. Bank of America Corp DE now owns 45,533 shares of the company’s stock valued at $666,000 after buying an additional 29,076 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 20.5% during the 4th quarter. Osaic Holdings Inc. now owns 34,764 shares of the company’s stock valued at $497,000 after buying an additional 5,917 shares in the last quarter.
RiverNorth Opportunistic Municipal Income Fund Stock Performance
NYSE:RMI opened at $15.18 on Wednesday. The business has a 50 day moving average of $15.38 and a 200 day moving average of $15.27. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 1-year low of $13.71 and a 1-year high of $16.36.
RiverNorth Opportunistic Municipal Income Fund Dividend Announcement
RiverNorth Opportunistic Municipal Income Fund Company Profile
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.
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