RiverNorth Flexible Municipal Income Fund (NYSEARCA:RFM) Insider Financial Holdings Rivernorth Acquires 4,257 Shares

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) insider Financial Holdings Rivernorth acquired 4,257 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average price of $14.32 per share, with a total value of $60,960.24. Following the completion of the purchase, the insider owned 22,932 shares in the company, valued at $328,386.24. This trade represents a 22.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, November 5th, Financial Holdings Rivernorth acquired 2,165 shares of RiverNorth Flexible Municipal Income Fund stock. The stock was acquired at an average cost of $14.45 per share, with a total value of $31,284.25.
• On Tuesday, November 4th, Financial Holdings Rivernorth acquired 4,257 shares of RiverNorth Flexible Municipal Income Fund stock. The stock was purchased at an average cost of $14.40 per share, for a total transaction of $61,300.80.
• On Thursday, October 30th, Financial Holdings Rivernorth acquired 200 shares of RiverNorth Flexible Municipal Income Fund stock. The shares were bought at an average price of $14.28 per share, with a total value of $2,856.00.
• On Wednesday, October 29th, Financial Holdings Rivernorth bought 100 shares of RiverNorth Flexible Municipal Income Fund stock. The shares were purchased at an average cost of $14.31 per share, with a total value of $1,431.00.
• On Tuesday, October 28th, Financial Holdings Rivernorth acquired 881 shares of RiverNorth Flexible Municipal Income Fund stock. The stock was acquired at an average cost of $14.31 per share, with a total value of $12,607.11.
• On Friday, October 24th, Financial Holdings Rivernorth acquired 141 shares of RiverNorth Flexible Municipal Income Fund stock. The shares were acquired at an average price of $14.30 per share, for a total transaction of $2,016.30.
• On Thursday, October 23rd, Financial Holdings Rivernorth purchased 3,216 shares of RiverNorth Flexible Municipal Income Fund stock. The stock was bought at an average price of $14.30 per share, for a total transaction of $45,988.80.
• On Wednesday, October 22nd, Financial Holdings Rivernorth bought 3,352 shares of RiverNorth Flexible Municipal Income Fund stock. The stock was purchased at an average price of $14.30 per share, with a total value of $47,933.60.
• On Tuesday, October 21st, Financial Holdings Rivernorth acquired 4,363 shares of RiverNorth Flexible Municipal Income Fund stock. The shares were purchased at an average price of $14.35 per share, with a total value of $62,609.05.

RiverNorth Flexible Municipal Income Fund Stock Performance

Shares of RFM traded up $0.05 during midday trading on Monday, hitting $14.35. 26,930 shares of the company’s stock traded hands, compared to its average volume of 24,130. RiverNorth Flexible Municipal Income Fund, Inc. has a 1 year low of $13.14 and a 1 year high of $16.15. The firm’s fifty day moving average is $14.31 and its 200-day moving average is $14.12.

RiverNorth Flexible Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.094 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 7.9%.

Hedge Funds Weigh In On RiverNorth Flexible Municipal Income Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC increased its stake in RiverNorth Flexible Municipal Income Fund by 6.8% in the 2nd quarter. Capital Investment Advisors LLC now owns 15,750 shares of the company’s stock valued at $220,000 after purchasing an additional 1,000 shares in the last quarter. River Street Advisors LLC purchased a new position in shares of RiverNorth Flexible Municipal Income Fund in the second quarter valued at $263,000. SteelPeak Wealth LLC increased its position in shares of RiverNorth Flexible Municipal Income Fund by 6.4% in the second quarter. SteelPeak Wealth LLC now owns 29,800 shares of the company’s stock valued at $416,000 after buying an additional 1,800 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of RiverNorth Flexible Municipal Income Fund by 322.8% during the 2nd quarter. NewEdge Advisors LLC now owns 23,005 shares of the company’s stock worth $321,000 after buying an additional 17,564 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of RiverNorth Flexible Municipal Income Fund by 14.7% in the 2nd quarter. Raymond James Financial Inc. now owns 16,915 shares of the company’s stock worth $236,000 after buying an additional 2,165 shares in the last quarter.

RiverNorth Flexible Municipal Income Fund Company Profile

The RiverNorth Flexible Municipal Income Fund, Inc seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.