Wolverine Asset Management LLC Acquires 50,176 Shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI)

Wolverine Asset Management LLC grew its position in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 133.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 87,801 shares of the company’s stock after acquiring an additional 50,176 shares during the period. Wolverine Asset Management LLC’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $1,322,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Apollon Wealth Management LLC bought a new position in shares of RiverNorth Opportunistic Municipal Income Fund in the 4th quarter valued at $161,000. Prospera Financial Services Inc lifted its stake in shares of RiverNorth Opportunistic Municipal Income Fund by 117.9% in the 3rd quarter. Prospera Financial Services Inc now owns 30,258 shares of the company’s stock valued at $494,000 after acquiring an additional 16,369 shares during the last quarter. Robinson Capital Management LLC lifted its stake in shares of RiverNorth Opportunistic Municipal Income Fund by 22.3% in the 4th quarter. Robinson Capital Management LLC now owns 46,217 shares of the company’s stock valued at $696,000 after acquiring an additional 8,441 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of RiverNorth Opportunistic Municipal Income Fund by 1.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 483,316 shares of the company’s stock valued at $7,279,000 after acquiring an additional 8,865 shares during the last quarter.

RiverNorth Opportunistic Municipal Income Fund Trading Down 0.0 %

Shares of RMI opened at $15.81 on Friday. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 52 week low of $14.79 and a 52 week high of $16.74. The stock has a fifty day moving average of $15.43 and a 200-day moving average of $15.83.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.0945 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date of this dividend is Friday, March 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.