Virtu Financial LLC Takes Position in RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM)

Virtu Financial LLC acquired a new position in shares of RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,894 shares of the company’s stock, valued at approximately $385,000.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in RiverNorth Flexible Municipal Income Fund in the 4th quarter valued at approximately $186,000. Noble Wealth Management PBC bought a new position in shares of RiverNorth Flexible Municipal Income Fund during the 4th quarter worth approximately $103,000. Wolverine Asset Management LLC raised its holdings in shares of RiverNorth Flexible Municipal Income Fund by 118.4% in the fourth quarter. Wolverine Asset Management LLC now owns 103,215 shares of the company’s stock valued at $1,535,000 after purchasing an additional 55,952 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in shares of RiverNorth Flexible Municipal Income Fund in the fourth quarter worth $208,000. Finally, SteelPeak Wealth LLC boosted its holdings in RiverNorth Flexible Municipal Income Fund by 36.4% during the fourth quarter. SteelPeak Wealth LLC now owns 26,250 shares of the company’s stock worth $390,000 after purchasing an additional 7,000 shares during the last quarter.

RiverNorth Flexible Municipal Income Fund Stock Down 0.9 %

RiverNorth Flexible Municipal Income Fund stock opened at $14.87 on Thursday. RiverNorth Flexible Municipal Income Fund, Inc. has a 1-year low of $14.74 and a 1-year high of $16.54. The company has a fifty day simple moving average of $15.35 and a 200 day simple moving average of $15.64.

RiverNorth Flexible Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.094 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date of this dividend is Friday, March 14th.

RiverNorth Flexible Municipal Income Fund 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.