Who Owns RiverNorth Flexible Municipal Income Fund Stock?
NYSE: RFMFinanceFinance/Investors ServicesUSD
Market open · Delayed 15 min · as of Oct 9, 1:51 PM ET
Ownership breakdown
- Held by institutions
- 18.91%
- Held by insiders
- 0.68%
- Institutional holders
- 26
- Institutions 18.9%
- Insiders 0.7%
- Public and other 80.4%
Who owns RiverNorth Flexible Municipal Income Fund stock?
Institutional investors own about 18.9% of RiverNorth Flexible Municipal Income Fund's shares, spread across 26 institutions that file 13F reports. That level of institutional ownership is relatively low, leaving more of the stock with retail investors and insiders. Insiders, including executives, directors and large founding shareholders, hold 0.68% of RFM.
The largest institutional holders are Robinson Capital Management, LLC (2.53%), Wells Fargo & Company (2.36%) and Morgan Stanley (2.04%). Together, the top 10 institutions control 15.4% of shares outstanding. In their latest filings, 7 of the top 10 institutions increased their RFM positions and 2 reduced them.
Summary generated from market data by MetaCap's automated system. Methodology
Top institutional holders of RFM
| Institution | Shares | % Held | Change |
|---|---|---|---|
| Robinson Capital Management, LLC | 155.00K | 2.53% | 0.0% |
| Wells Fargo & Company | 144.06K | 2.36% | -0.3% |
| Morgan Stanley | 124.72K | 2.04% | +7.2% |
| Guggenheim Capital, LLC | 115.14K | 1.88% | +9.9% |
| Herzfeld (Thomas J.) Advisors, Inc | 79.34K | 1.30% | +100.0% |
| Royal Bank of Canada | 69.64K | 1.14% | +3.2% |
| UBS Group AG | 69.09K | 1.13% | +0.5% |
| Professional Financial Management, Inc. | 64.36K | 1.05% | -1.0% |
| RiverNorth Capital Management, LLC | 63.99K | 1.05% | +34.3% |
| Estate Planners Group, LLC | 54.85K | 0.90% | +0.5% |
% held is the share of total shares outstanding. Change is the percentage change in the position since the holder's previous 13F filing.
Top mutual fund and ETF holders of RFM
| Fund | Shares | % Held |
|---|---|---|
| INVESTMENT MANAGERS SERIES TRUST-Robinson Tax Advantaged Income Fund | 155.00K | 2.53% |
| Rydex Variable Trust-Multi-Hedge Strategies Fund | 232 | 0.00% |
| Rydex Series Funds-Guggenheim Multi-Hedge Strategies Fund | 82 | 0.00% |
Frequently asked questions
Who is the largest shareholder of RiverNorth Flexible Municipal Income Fund?
Robinson Capital Management, LLC is the largest institutional shareholder of RFM, owning 2.53% of shares outstanding (155.00K shares) as of its latest 13F filing.
What percentage of RiverNorth Flexible Municipal Income Fund is owned by institutions?
Institutions own about 18.9% of RFM shares and 19.0% of the public float.
How much of RiverNorth Flexible Municipal Income Fund do insiders own?
Insiders, such as officers and directors, own about 0.68% of RFM shares outstanding.
Where does institutional ownership data come from?
Investment managers with more than $100 million in US equities must file Form 13F with the SEC within 45 days of each quarter-end. Holdings are therefore up to about 4.5 months old when published.