Apollon Wealth Management LLC Takes Position in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI)

Apollon Wealth Management LLC bought a new position in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 10,685 shares of the company’s stock, valued at approximately $161,000.

Several other large investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. raised its position in shares of RiverNorth Opportunistic Municipal Income Fund by 1.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 483,316 shares of the company’s stock worth $7,279,000 after buying an additional 8,865 shares in the last quarter. Prospera Financial Services Inc increased its stake in RiverNorth Opportunistic Municipal Income Fund by 117.9% in the 3rd quarter. Prospera Financial Services Inc now owns 30,258 shares of the company’s stock worth $494,000 after acquiring an additional 16,369 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 223.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 37,625 shares of the company’s stock valued at $614,000 after acquiring an additional 26,010 shares in the last quarter.

RiverNorth Opportunistic Municipal Income Fund Trading Down 0.6 %

Shares of RMI opened at $15.69 on Friday. The stock has a 50-day moving average price of $15.45 and a 200-day moving average price of $15.84. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 12-month low of $14.79 and a 12-month high of $16.74.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.0945 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.13 dividend on an annualized basis and a yield of 7.23%.

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.