RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) Portfolio Manager Jonathan Paul Browne Acquires 750 Shares of Stock

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) Portfolio Manager Jonathan Paul Browne acquired 750 shares of the business’s stock in a transaction dated Thursday, April 10th. The stock was purchased at an average cost of $13.59 per share, with a total value of $10,192.50. Following the transaction, the portfolio manager now owns 750 shares of the company’s stock, valued at approximately $10,192.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

RiverNorth Flexible Municipal Income Fund Stock Down 0.4 %

RFM stock opened at $13.62 on Friday. The company has a 50 day moving average price of $15.06 and a two-hundred day moving average price of $15.45. RiverNorth Flexible Municipal Income Fund, Inc. has a one year low of $13.14 and a one year high of $16.54.

RiverNorth Flexible Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.094 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date is Friday, June 13th.

Hedge Funds Weigh In On RiverNorth Flexible Municipal Income Fund

Several institutional investors have recently added to or reduced their stakes in the business. Noble Wealth Management PBC acquired a new stake in RiverNorth Flexible Municipal Income Fund in the 4th quarter worth about $103,000. SteelPeak Wealth LLC lifted its holdings in shares of RiverNorth Flexible Municipal Income Fund by 36.4% during the 4th quarter. SteelPeak Wealth LLC now owns 26,250 shares of the company’s stock worth $390,000 after acquiring an additional 7,000 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of RiverNorth Flexible Municipal Income Fund in the fourth quarter worth approximately $186,000. Apollon Wealth Management LLC purchased a new stake in RiverNorth Flexible Municipal Income Fund in the fourth quarter valued at approximately $208,000. Finally, Wells Fargo & Company MN increased its position in RiverNorth Flexible Municipal Income Fund by 13.8% during the fourth quarter. Wells Fargo & Company MN now owns 160,257 shares of the company’s stock worth $2,383,000 after purchasing an additional 19,486 shares during the last quarter.

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.