Family Management Corp increased its holdings in shares of RIVERNORTH OPPO/SH (NYSE:RMI) by 130.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,038 shares of the company’s stock after buying an additional 47,536 shares during the quarter. Family Management Corp’s holdings in RIVERNORTH OPPO/SH were worth $1,793,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Advisor Group Inc. purchased a new position in RIVERNORTH OPPO/SH in the second quarter valued at about $96,000. Thomas J. Herzfeld Advisors Inc. purchased a new position in RIVERNORTH OPPO/SH in the first quarter valued at about $121,000. FNY Investment Advisers LLC grew its stake in RIVERNORTH OPPO/SH by 109.1% in the second quarter. FNY Investment Advisers LLC now owns 10,038 shares of the company’s stock valued at $214,000 after purchasing an additional 5,238 shares in the last quarter. Finally, Morgan Stanley grew its stake in RIVERNORTH OPPO/SH by 57.6% in the second quarter. Morgan Stanley now owns 66,137 shares of the company’s stock valued at $1,411,000 after purchasing an additional 24,183 shares in the last quarter.
In other news, President Patrick W. Galley sold 5,880 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $21.65, for a total transaction of $127,302.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian H. Schmucker sold 8,445 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $22.40, for a total value of $189,168.00. The disclosure for this sale can be found here.
The company also recently announced a dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 12th will be paid a $0.092 dividend. The ex-dividend date is Wednesday, September 11th.
RIVERNORTH OPPO/SH Company Profile
There is no company description available for RiverNorth Opportunistic Municipal Income Fund, Inc.
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