RiverNorth Opportunities Fund, Inc. (NYSE:RIV – Get Free Report) announced a monthly dividend on Wednesday, July 1st. Investors of record on Friday, August 14th will be paid a dividend of 0.1306 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 13.5%. The ex-dividend date of this dividend is Friday, August 14th.
RiverNorth Opportunities Fund Stock Performance
Shares of RIV opened at $11.64 on Thursday. The business’s fifty day moving average price is $11.59 and its 200 day moving average price is $11.67. RiverNorth Opportunities Fund has a 12-month low of $10.93 and a 12-month high of $12.56.
Institutional Investors Weigh In On RiverNorth Opportunities Fund
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. lifted its stake in shares of RiverNorth Opportunities Fund by 1.7% in the 2nd quarter. Raymond James Financial Inc. now owns 63,215 shares of the company’s stock worth $775,000 after acquiring an additional 1,047 shares during the period. NewEdge Advisors LLC raised its holdings in RiverNorth Opportunities Fund by 5.9% during the third quarter. NewEdge Advisors LLC now owns 19,700 shares of the company’s stock worth $236,000 after purchasing an additional 1,100 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in RiverNorth Opportunities Fund by 2.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 51,569 shares of the company’s stock worth $605,000 after purchasing an additional 1,304 shares during the period. Wedbush Securities Inc. increased its position in shares of RiverNorth Opportunities Fund by 6.3% during the 4th quarter. Wedbush Securities Inc. now owns 26,489 shares of the company’s stock valued at $311,000 after purchasing an additional 1,579 shares during the period. Finally, WealthTrust Asset Management LLC raised its stake in shares of RiverNorth Opportunities Fund by 13.7% in the 1st quarter. WealthTrust Asset Management LLC now owns 15,123 shares of the company’s stock worth $168,000 after buying an additional 1,821 shares in the last quarter.
RiverNorth Opportunities Fund Company Profile
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.
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