ORG Partners LLC Cuts Stake in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

ORG Partners LLC decreased its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 29.0% in the first quarter, Holdings Channel.com reports. The firm owned 21,115 shares of the company’s stock after selling 8,627 shares during the period. ORG Partners LLC’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $183,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in OPP. Strategic Financial Concepts LLC boosted its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 13.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 16,000 shares of the company’s stock valued at $133,000 after purchasing an additional 1,900 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter valued at $1,146,000. Independent Advisor Alliance purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter valued at $157,000. Virtu Financial LLC purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter valued at $127,000. Finally, Ausdal Financial Partners Inc. purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter valued at $84,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Up 0.3%

Shares of RiverNorth/DoubleLine Strategic Opportunity Fund stock opened at $8.40 on Friday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 52-week low of $7.91 and a 52-week high of $9.30. The company has a fifty day moving average of $8.36 and a 200-day moving average of $8.45.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a $0.095 dividend. The ex-dividend date was Thursday, May 15th. This represents a dividend yield of 13.45%.

RiverNorth/DoubleLine Strategic Opportunity Fund Company 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.