Insider Selling: RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Portfolio Manager Sells $11,964.32 in Stock

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Portfolio Manager Scott Sprauer sold 752 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was 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 Securities & Exchange Commission, which is accessible through this link.

RiverNorth Opportunistic Municipal Income Fund Price Performance

NYSE RMI opened at $15.91 on Friday. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 1-year low of $14.23 and a 1-year high of $16.51. The business’s fifty day moving average price is $16.13 and its 200-day moving average price is $15.97.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

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 given a $0.0965 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.16 annualized dividend and a yield of 7.28%.

Institutional Investors Weigh In On RiverNorth Opportunistic Municipal Income Fund

Large investors have recently made changes to their positions in the company. Wolverine Asset Management LLC bought a new stake in shares of RiverNorth Opportunistic Municipal Income Fund during the 2nd quarter valued at $185,000. Prospera Financial Services Inc lifted its position in RiverNorth Opportunistic Municipal Income Fund by 117.9% during the third quarter. Prospera Financial Services Inc now owns 30,258 shares of the company’s stock valued at $494,000 after purchasing an additional 16,369 shares in the last quarter. Finally, Robinson Capital Management LLC grew its holdings in RiverNorth Opportunistic Municipal Income Fund by 1.5% during the first quarter. Robinson Capital Management LLC now owns 45,757 shares of the company’s stock valued at $707,000 after purchasing an additional 676 shares during the period.

About RiverNorth Opportunistic Municipal Income Fund

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.