SteelPeak Wealth LLC Makes New $313,000 Investment in RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM)

SteelPeak Wealth LLC bought a new stake in RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 19,250 shares of the company’s stock, valued at approximately $313,000.

Other large investors have also recently modified their holdings of the company. &PARTNERS boosted its holdings in shares of RiverNorth Flexible Municipal Income Fund by 17.8% in the 2nd quarter. &PARTNERS now owns 16,564 shares of the company’s stock valued at $268,000 after purchasing an additional 2,500 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of RiverNorth Flexible Municipal Income Fund during the 1st quarter valued at $204,000. Whittier Trust Co. acquired a new stake in shares of RiverNorth Flexible Municipal Income Fund during the 1st quarter valued at $81,000. Finally, Fairhaven Wealth Management LLC acquired a new stake in shares of RiverNorth Flexible Municipal Income Fund during the 1st quarter valued at $297,000.

RiverNorth Flexible Municipal Income Fund Price Performance

NYSEARCA RFM opened at $15.82 on Friday. RiverNorth Flexible Municipal Income Fund, Inc. has a twelve month low of $13.04 and a twelve month high of $16.54. The business’s fifty day moving average is $16.10 and its 200 day moving average is $16.04.

RiverNorth Flexible Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.0954 per share. This represents a $1.14 annualized dividend and a yield of 7.24%. The ex-dividend date is Friday, December 13th.

RiverNorth Flexible Municipal Income Fund 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.