Wolverine Asset Management LLC Has $970,000 Stake in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI)

Wolverine Asset Management LLC increased its position in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 622.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,712 shares of the company’s stock after buying an additional 54,892 shares during the period. 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.

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

RiverNorth Opportunistic Municipal Income Fund Trading Down 0.5 %

RiverNorth Opportunistic Municipal Income Fund stock opened at $15.38 on Friday. The stock has a fifty day moving average price of $15.96 and a two-hundred day moving average price of $15.38. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 52-week low of $13.05 and a 52-week high of $17.37.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

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

RiverNorth Opportunistic Municipal Income Fund 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.