RiverNorth Opportunities Fund, Inc. (NYSE:RIV – Get Free Report) declared a monthly dividend on Thursday, October 1st. Investors of record on Tuesday, December 15th will be paid a dividend of $0.1306 per share on Thursday, December 31st. This represents a $1.57 annualized dividend and a yield of 14.9%. The ex-dividend date of this dividend is Tuesday, December 15th.
RiverNorth Opportunities Fund Stock Performance
RiverNorth Opportunities Fund stock opened at $10.49 on Friday. The business has a fifty day moving average of $10.94 and a two-hundred day moving average of $11.31. RiverNorth Opportunities Fund has a twelve month low of $10.32 and a twelve month high of $12.15.
Institutional Trading of RiverNorth Opportunities Fund
Hedge funds have recently modified their holdings of the company. Allworth Financial LP grew its position in shares of RiverNorth Opportunities Fund by 2.2% in the 2nd quarter. Allworth Financial LP now owns 66,047 shares of the company’s stock worth $770,000 after buying an additional 1,419 shares during the last quarter. WealthTrust Asset Management LLC boosted its position 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 purchasing an additional 1,821 shares in the last quarter. Royal Bank of Canada increased its position in RiverNorth Opportunities Fund by 3.6% during the 1st quarter. Royal Bank of Canada now owns 205,141 shares of the company’s stock valued at $2,277,000 after buying an additional 7,216 shares in the last quarter. Bank of America Corp DE raised its stake in RiverNorth Opportunities Fund by 3.5% in the first quarter. Bank of America Corp DE now owns 322,246 shares of the company’s stock valued at $3,577,000 after buying an additional 10,785 shares during the last quarter. Finally, Alterna Wealth Management Inc. acquired a new stake in RiverNorth Opportunities Fund in the second quarter worth about $128,000.
RiverNorth Opportunities Fund Company Profile
RiverNorth Opportunities Fund (NYSE: RIV) is a diversified closed-end management investment company. The fund seeks to provide investors with total return through a combination of current income and capital appreciation.
RIV primarily invests in other closed-end funds, exchange-traded funds, business development companies and other income-oriented securities. Its investment approach is designed to identify opportunities where market prices may differ from the underlying value of the assets, while also emphasizing income-producing investments.
The fund is advised by RiverNorth Capital Management, an investment manager specializing in tactical and opportunistic strategies involving closed-end funds and other asset classes.
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