RiverNorth Opportunities Fund, Inc. $RIV Position Trimmed by NWF Advisory Services Inc.

NWF Advisory Services Inc. trimmed its holdings in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 54.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,227 shares of the company’s stock after selling 61,675 shares during the period. NWF Advisory Services Inc.’s holdings in RiverNorth Opportunities Fund were worth $601,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Absolute Investment Advisers LLC acquired a new stake in RiverNorth Opportunities Fund during the fourth quarter worth about $4,559,000. Yakira Capital Management Inc. acquired a new position in RiverNorth Opportunities Fund in the fourth quarter valued at approximately $5,244,000. Sit Investment Associates Inc. boosted its stake in RiverNorth Opportunities Fund by 1,374.7% in the fourth quarter. Sit Investment Associates Inc. now owns 2,771,040 shares of the company’s stock valued at $32,532,000 after acquiring an additional 2,583,139 shares during the period. Total Wealth Planning & Management Inc. bought a new position in shares of RiverNorth Opportunities Fund during the fourth quarter valued at approximately $337,000. Finally, Everstar Asset Management LLC grew its holdings in shares of RiverNorth Opportunities Fund by 7.8% during the fourth quarter. Everstar Asset Management LLC now owns 135,467 shares of the company’s stock valued at $1,591,000 after purchasing an additional 9,798 shares during the last quarter.

RiverNorth Opportunities Fund Trading Up 0.0%

Shares of RiverNorth Opportunities Fund stock opened at $11.55 on Friday. The business’s 50 day simple moving average is $11.59 and its 200-day simple moving average is $11.68. RiverNorth Opportunities Fund, Inc. has a twelve month low of $10.93 and a twelve month high of $12.56.

RiverNorth Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.1306 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 13.6%.

About RiverNorth Opportunities Fund

RiverNorth Opportunities Fund (NYSE:RIV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. Listed on the New York Stock Exchange, the fund employs an unconstrained, actively managed approach to investing across a broad array of convertible and derivative securities.

The fund’s primary investments include convertible bonds, convertible preferred stocks, synthetic convertible instruments (such as caps, floors and spreads), and related derivative instruments.