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Stephen Andrew O’Neill, Portfolio Manager at RiverNorth Flexible Municipal Income Fund II, Inc. (EXCHANGE:RFMZ), a $309 million market cap fund known for its significant 8.2% dividend yield, acquired shares of common stock in a series of transactions on July 16, 2025. The purchases totaled $107,895, with prices ranging from $12.67 to $12.7056 per share. According to InvestingPro, the fund typically trades with low price volatility, making these insider transactions particularly noteworthy.
O’Neill bought a total of 2,500 shares at $12.67, 500 shares at $12.7043, 5,000 shares at $12.7056 and 500 shares at $12.68. Following these transactions, O’Neill directly owns 20,000 shares of RiverNorth Flexible Municipal Income Fund II, Inc. The fund’s shares are down 1.8% year-to-date, with InvestingPro analysis revealing several additional key metrics and insights available to subscribers.
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