Apollon Wealth Management LLC Invests $208,000 in RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM)

Apollon Wealth Management LLC acquired a new stake in RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,000 shares of the company’s stock, valued at approximately $208,000.

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

RiverNorth Flexible Municipal Income Fund Stock Performance

Shares of RiverNorth Flexible Municipal Income Fund stock opened at $15.60 on Friday. RiverNorth Flexible Municipal Income Fund, Inc. has a 1 year low of $14.78 and a 1 year high of $16.54. The company’s fifty day simple moving average is $15.32 and its 200-day simple moving average is $15.76.

RiverNorth Flexible Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.094 per share. The ex-dividend date is Friday, March 14th. This represents a $1.13 annualized dividend and a dividend yield of 7.23%.

About RiverNorth Flexible Municipal Income Fund

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.