Rivernorth Opportunities Fund Inc (RIV) Insider Sells $289,380.00 in Stock

Rivernorth Opportunities Fund Inc (NYSE:RIV) insider Rivernorth Capital Management, sold 14,000 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $20.67, for a total transaction of $289,380.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Rivernorth Capital Management, also recently made the following trade(s):

  • On Tuesday, January 2nd, Rivernorth Capital Management, sold 13,000 shares of Rivernorth Opportunities Fund stock. The shares were sold at an average price of $20.10, for a total transaction of $261,300.00.
  • On Thursday, December 21st, Rivernorth Capital Management, sold 13,442 shares of Rivernorth Opportunities Fund stock. The shares were sold at an average price of $19.75, for a total transaction of $265,479.50.

Shares of Rivernorth Opportunities Fund Inc (NYSE:RIV) opened at $20.85 on Friday. Rivernorth Opportunities Fund Inc has a 12-month low of $18.86 and a 12-month high of $21.57.

The company also recently disclosed a monthly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 15th were given a $0.21 dividend. The ex-dividend date was Thursday, December 14th. This represents a $2.52 dividend on an annualized basis and a yield of 12.09%.

An institutional investor recently bought a new position in Rivernorth Opportunities Fund stock. Sit Investment Associates Inc. purchased a new stake in shares of Rivernorth Opportunities Fund Inc (NYSE:RIV) in the third quarter, according to its most recent filing with the SEC. The firm purchased 6,261 shares of the company’s stock, valued at approximately $129,000.

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Rivernorth Opportunities Fund Company Profile

Rivernorth Opportunities Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds and exchange-traded funds (ETFs, and collectively, Underlying Funds).

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