Stratos Wealth Partners LTD. Purchases 8,865 Shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI)

Stratos Wealth Partners LTD. grew its position in shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 483,316 shares of the company’s stock after purchasing an additional 8,865 shares during the period. Stratos Wealth Partners LTD.’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $7,279,000 at the end of the most recent reporting period.

Separately, Wolverine Asset Management LLC raised its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 223.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 37,625 shares of the company’s stock valued at $614,000 after buying an additional 26,010 shares in the last quarter.

RiverNorth Opportunistic Municipal Income Fund Stock Up 0.4 %

Shares of RMI opened at $15.79 on Thursday. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 1 year low of $14.79 and a 1 year high of $16.74. The stock has a 50 day simple moving average of $15.49 and a two-hundred day simple moving average of $15.85.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.18%.

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.