RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Shares Acquired by AEGON USA Investment Management LLC

AEGON USA Investment Management LLC increased its position in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 43.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,165 shares of the company’s stock after buying an additional 15,229 shares during the period. RiverNorth Opportunities Fund comprises approximately 0.4% of AEGON USA Investment Management LLC’s holdings, making the stock its 20th biggest holding. AEGON USA Investment Management LLC’s holdings in RiverNorth Opportunities Fund were worth $551,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RIV. Tennessee Valley Asset Management Partners grew its position in shares of RiverNorth Opportunities Fund by 37.4% during the 4th quarter. Tennessee Valley Asset Management Partners now owns 95,497 shares of the company’s stock valued at $1,050,000 after buying an additional 25,996 shares during the last quarter. Raymond James & Associates grew its position in shares of RiverNorth Opportunities Fund by 39.3% during the 4th quarter. Raymond James & Associates now owns 44,336 shares of the company’s stock valued at $487,000 after buying an additional 12,516 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of RiverNorth Opportunities Fund by 14.8% during the 4th quarter. CoreCap Advisors LLC now owns 12,425 shares of the company’s stock valued at $137,000 after buying an additional 1,600 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of RiverNorth Opportunities Fund during the 4th quarter valued at about $272,000. Finally, Blue Bell Private Wealth Management LLC bought a new stake in shares of RiverNorth Opportunities Fund during the 4th quarter valued at about $49,000.

RiverNorth Opportunities Fund Price Performance

Shares of NYSE:RIV traded up $0.07 during trading on Monday, reaching $11.73. 46,191 shares of the company’s stock traded hands, compared to its average volume of 80,657. RiverNorth Opportunities Fund, Inc. has a 12 month low of $9.63 and a 12 month high of $12.43. The company has a 50 day moving average of $11.77 and a 200-day moving average of $11.18.

RiverNorth Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.1289 per share. This represents a $1.55 dividend on an annualized basis and a yield of 13.19%. The ex-dividend date is Friday, June 14th.

RiverNorth Opportunities Fund Profile

RiverNorth Opportunities Fund, Inc is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc was formed on December 24, 2015 and is domiciled in the United States.