Intel stock spikes after report of possible US government stake
Patrick W. Galley, President of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI), has recently made a series of stock purchases, according to a recent SEC filing. On April 8, Galley acquired a total of 3,400 shares of common stock, with the transactions valued at approximately $47,735. The shares were purchased at prices ranging from $14.00 to $14.05 per share, slightly above the current trading price of $13.68. The fund offers an attractive dividend yield of 8.1% and maintains a "GREAT" financial health score according to InvestingPro metrics.
These transactions were executed through a trust account, reflecting Galley's continued confidence in the fund's prospects. Following these acquisitions, Galley's holdings in the fund have increased, underscoring his commitment to the company's future. Want deeper insights into insider trading patterns and executive transactions? InvestingPro subscribers get exclusive access to comprehensive insider trading analysis and real-time alerts.
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