Scott Sprauer Sells 752 Shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Stock

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Portfolio Manager Scott Sprauer sold 752 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $15.91, for a total transaction of $11,964.32. The sale was disclosed in a legal filing with the SEC, which is available through this link.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

Shares of NYSE:RMI traded up $0.08 during trading on Tuesday, reaching $15.95. 20,606 shares of the company were exchanged, compared to its average volume of 16,904. The business’s fifty day simple moving average is $16.12 and its 200-day simple moving average is $15.97. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 12-month low of $14.08 and a 12-month high of $16.51.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The company 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 $0.0965 dividend. This represents a $1.16 annualized dividend and a dividend yield of 7.26%. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On RiverNorth Opportunistic Municipal Income Fund

An institutional investor recently raised its position in RiverNorth Opportunistic Municipal Income Fund stock. Robinson Capital Management LLC raised its stake in shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,757 shares of the company’s stock after acquiring an additional 676 shares during the quarter. Robinson Capital Management LLC’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $707,000 at the end of the most recent reporting period.

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.