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 company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $15.91, for a total value of $11,964.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

RiverNorth Opportunistic Municipal Income Fund Price Performance

NYSE RMI opened at $15.78 on Thursday. The business’s 50 day moving average price is $16.12 and its 200-day moving average price is $15.97. RiverNorth Opportunistic Municipal Income Fund, Inc. has a fifty-two week low of $14.17 and a fifty-two week 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. Stockholders of record on Friday, December 13th will be paid a $0.0965 dividend. This represents a $1.16 annualized dividend and a dividend yield of 7.34%. The ex-dividend date is Friday, December 13th.

Institutional Investors Weigh In On RiverNorth Opportunistic Municipal Income Fund

A hedge fund recently raised its stake in RiverNorth Opportunistic Municipal Income Fund stock. Robinson Capital Management LLC grew its holdings in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,757 shares of the company’s stock after purchasing an additional 676 shares during the period. Robinson Capital Management LLC’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

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.