Wolverine Asset Management LLC Grows Stock Position in RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM)

Wolverine Asset Management LLC increased its stake in shares of RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) by 118.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 103,215 shares of the company’s stock after buying an additional 55,952 shares during the period. Wolverine Asset Management LLC’s holdings in RiverNorth Flexible Municipal Income Fund were worth $1,535,000 at the end of the most recent quarter.

Separately, SteelPeak Wealth LLC acquired a new position in shares of RiverNorth Flexible Municipal Income Fund during the third quarter worth about $313,000.

RiverNorth Flexible Municipal Income Fund Trading Up 0.1 %

Shares of NYSEARCA RFM opened at $15.71 on Friday. The firm has a 50-day moving average price of $15.29 and a 200 day moving average price of $15.75. RiverNorth Flexible Municipal Income Fund, Inc. has a 52 week low of $14.78 and a 52 week high of $16.54.

RiverNorth Flexible Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.094 per share. This represents a $1.13 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date is Friday, March 14th.

RiverNorth Flexible Municipal Income Fund Company 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.