RiverNorth Flexible Municipal Income Fund, Inc. (NYSE:RFM – Get Free Report) traded down 1% on Friday. The stock traded as low as $13.21 and last traded at $13.21. Approximately 49,202 shares traded hands during trading, an increase of 167% from the average session volume of 18,431 shares. The stock had previously closed at $13.34.
RiverNorth Flexible Municipal Income Fund Stock Down 1.0%
The business’s 50 day moving average price is $13.60 and its 200-day moving average price is $14.24.
RiverNorth Flexible Municipal Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a $0.0881 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Tuesday, December 15th.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of RFM. Global Retirement Partners LLC acquired a new position in RiverNorth Flexible Municipal Income Fund in the second quarter valued at approximately $31,000. Compass Financial Management LLC bought a new position in RiverNorth Flexible Municipal Income Fund in the second quarter valued at approximately $82,000. Susquehanna International Group LLP acquired a new stake in RiverNorth Flexible Municipal Income Fund during the 2nd quarter worth $197,000. Noble Wealth Management PBC grew its holdings in RiverNorth Flexible Municipal Income Fund by 11.2% during the 2nd quarter. Noble Wealth Management PBC now owns 15,342 shares of the company’s stock worth $227,000 after acquiring an additional 1,541 shares during the period. Finally, Beacon Pointe Advisors LLC acquired a new stake in RiverNorth Flexible Municipal Income Fund during the 2nd quarter worth $235,000.
About RiverNorth Flexible Municipal Income Fund
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.
See Also
- Five stocks we like better than RiverNorth Flexible Municipal Income Fund
- Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs
- Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test
- Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers
- Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat
Receive News & Ratings for RiverNorth Flexible Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RiverNorth Flexible Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
