Private Advisor Group LLC purchased a new position in RiverNorth Opportunities Fund Inc (NYSE:RIV) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 19,215 shares of the company’s stock, valued at approximately $397,000. Private Advisor Group LLC owned 1,921,500.00% of RiverNorth Opportunities Fund as of its most recent SEC filing.
Separately, Sit Investment Associates Inc. increased its position in shares of RiverNorth Opportunities Fund by 783.0% during the fourth quarter. Sit Investment Associates Inc. now owns 55,285 shares of the company’s stock valued at $1,107,000 after purchasing an additional 49,024 shares during the period.
RIV stock traded down $0.11 on Wednesday, hitting $20.69. The stock had a trading volume of 26,789 shares, compared to its average volume of 57,425. RiverNorth Opportunities Fund Inc has a 1-year low of $19.10 and a 1-year high of $21.57.
The business also recently declared a monthly dividend, which was paid on Wednesday, February 28th. Investors of record on Friday, February 16th were paid a $0.21 dividend. This represents a $2.52 annualized dividend and a yield of 12.18%. The ex-dividend date of this dividend was Thursday, February 15th.
In related news, insider Rivernorth Capital Management, sold 13,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $20.10, for a total value of $261,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders sold 40,442 shares of company stock worth $816,160.
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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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