Advisor Group Holdings Inc. Grows Position in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

Advisor Group Holdings Inc. increased its position in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 48.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 46,666 shares of the company’s stock after buying an additional 15,232 shares during the quarter. Advisor Group Holdings Inc.’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hilltop Holdings Inc. lifted its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 94.0% during the first quarter. Hilltop Holdings Inc. now owns 33,017 shares of the company’s stock valued at $499,000 after purchasing an additional 16,000 shares in the last quarter. Royal Bank of Canada increased its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 21.7% in the first quarter. Royal Bank of Canada now owns 134,944 shares of the company’s stock worth $2,038,000 after purchasing an additional 24,077 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 1.4% during the 1st quarter. Baird Financial Group Inc. now owns 69,947 shares of the company’s stock valued at $1,056,000 after purchasing an additional 964 shares during the period. Finally, UBS Group AG lifted its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 9.5% during the 1st quarter. UBS Group AG now owns 337,130 shares of the company’s stock valued at $5,091,000 after buying an additional 29,194 shares in the last quarter.

NYSE:OPP opened at $14.65 on Friday. The business’s 50-day simple moving average is $15.74 and its two-hundred day simple moving average is $15.48. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 52 week low of $12.92 and a 52 week high of $16.36.

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Thursday, September 16th will be paid a $0.1586 dividend. The ex-dividend date of this dividend is Wednesday, September 15th. This represents a $1.90 annualized dividend and a yield of 12.99%.

RiverNorth/DoubleLine Strategic Opportunity Fund Profile

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fixed income markets. The fund seeks to benchmark the performance of its portfolio against the Barclays Capital U.S.

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Institutional Ownership by Quarter for RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE:OPP)

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