RiverNorth Flexible Municipal Income Fund (NYSEARCA:RFM) Stock Price Down 0.4%

Shares of RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM) fell 0.4% during trading on Monday . The stock traded as low as $20.50 and last traded at $20.54. 24,906 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 19,270 shares. The stock had previously closed at $20.62.

The business has a 50-day moving average of $20.36.

The company also recently disclosed a — dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.1042 per share. This is an increase from RiverNorth Flexible Municipal Income Fund’s previous — dividend of $0.10. This represents a dividend yield of 6.3%. The ex-dividend date is Tuesday, September 15th.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wedbush Securities Inc. bought a new stake in shares of RiverNorth Flexible Municipal Income Fund during the 2nd quarter worth $249,000. Carnegie Capital Asset Management LLC bought a new stake in RiverNorth Flexible Municipal Income Fund in the 1st quarter valued at $300,000. Finally, UBS Group AG boosted its holdings in RiverNorth Flexible Municipal Income Fund by 9,819.4% in the 2nd quarter. UBS Group AG now owns 109,113 shares of the company’s stock valued at $2,141,000 after purchasing an additional 108,013 shares during the period.

RiverNorth Flexible Municipal Income Fund Company Profile (NYSEARCA:RFM)

There is no company description available for RiverNorth Flexible Municipal Income.

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