Wolverine Asset Management LLC Purchases 54,892 Shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI)

Wolverine Asset Management LLC boosted its stake in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 622.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 63,712 shares of the company’s stock after acquiring an additional 54,892 shares during the quarter. Wolverine Asset Management LLC’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $970,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RMI. Advisor Resource Council acquired a new position in RiverNorth Opportunistic Municipal Income Fund in the 4th quarter valued at approximately $240,000. XML Financial LLC increased its position in shares of RiverNorth Opportunistic Municipal Income Fund by 13.1% during the third quarter. XML Financial LLC now owns 24,300 shares of the company’s stock worth $349,000 after buying an additional 2,813 shares during the period. NewEdge Wealth LLC increased its position in shares of RiverNorth Opportunistic Municipal Income Fund by 10.4% during the third quarter. NewEdge Wealth LLC now owns 26,427 shares of the company’s stock worth $379,000 after buying an additional 2,500 shares during the period. Finally, Stratos Wealth Partners LTD. increased its position in shares of RiverNorth Opportunistic Municipal Income Fund by 0.9% during the third quarter. Stratos Wealth Partners LTD. now owns 491,531 shares of the company’s stock worth $7,058,000 after buying an additional 4,396 shares during the period.

RiverNorth Opportunistic Municipal Income Fund Trading Down 0.5 %

RMI opened at $15.38 on Friday. RiverNorth Opportunistic Municipal Income Fund, Inc. has a twelve month low of $13.05 and a twelve month high of $17.37. The company has a fifty day moving average of $15.96 and a 200-day moving average of $15.38.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.0965 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 7.53%. The ex-dividend date of this dividend is Friday, June 14th.

RiverNorth Opportunistic Municipal Income Fund Company 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.