Sit Investment Associates Inc. Has $32.53 Million Stock Holdings in RiverNorth Opportunities Fund, Inc. $RIV

Sit Investment Associates Inc. raised its stake in RiverNorth Opportunities Fund, Inc. (NYSE:RIV – Free Report) by 1,374.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,771,040 shares of the company’s stock after purchasing an additional 2,583,139 shares during the quarter. Sit Investment Associates Inc.’s holdings in RiverNorth Opportunities Fund were worth $32,532,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Kovack Advisors Inc. acquired a new position in RiverNorth Opportunities Fund in the 4th quarter valued at approximately $441,000. Gateway Wealth Partners LLC acquired a new position in RiverNorth Opportunities Fund in the 4th quarter valued at approximately $119,000. Total Wealth Planning & Management Inc. acquired a new position in RiverNorth Opportunities Fund in the 4th quarter valued at approximately $337,000. Everstar Asset Management LLC increased its stake in RiverNorth Opportunities Fund by 7.8% in the 4th quarter. Everstar Asset Management LLC now owns 135,467 shares of the company’s stock valued at $1,591,000 after buying an additional 9,798 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in RiverNorth Opportunities Fund by 2.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 51,569 shares of the company’s stock valued at $605,000 after buying an additional 1,304 shares during the period.

Get RiverNorth Opportunities Fund alerts:

RiverNorth Opportunities Fund Trading Up 0.8%

RiverNorth Opportunities Fund stock opened at $11.39 on Friday. The firm’s 50 day moving average price is $11.56 and its two-hundred day moving average price 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 disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.1306 dividend. This represents a c) annualized dividend and a yield of 13.8%. The ex-dividend date is Monday, June 15th.

RiverNorth Opportunities Fund Company Profile

(Free Report)

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.

Featured Stories

• Five stocks we like better than RiverNorth Opportunities Fund
• Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
• NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
• The World Cup Is Coming—These 3 Stocks Could Cash In
• Spotify’s “North Star” Outlook Was Music to Investors Ears

Want to see what other hedge funds are holding RIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RiverNorth Opportunities Fund, Inc. (NYSE:RIV – Free Report).

Receive News & Ratings for RiverNorth Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RiverNorth Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.