RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Portfolio Manager Scott Sprauer Sells 752 Shares

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Portfolio Manager Scott Sprauer sold 752 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $15.91, for a total transaction of $11,964.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

NYSE:RMI opened at $15.95 on Wednesday. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 52 week low of $14.08 and a 52 week high of $16.51. The company has a fifty day simple moving average of $16.12 and a two-hundred day simple moving average of $15.98.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.0965 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.16 annualized dividend and a yield of 7.26%.

Institutional Investors Weigh In On RiverNorth Opportunistic Municipal Income Fund

An institutional investor recently bought a new position in RiverNorth Opportunistic Municipal Income Fund stock. Wolverine Asset Management LLC acquired a new position in shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,615 shares of the company’s stock, valued at approximately $185,000.

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.