Rivernorth Opportunities Fund Inc (RIV) Insider Rivernorth Capital Management, Sells 13,000 Shares of Stock

Rivernorth Opportunities Fund Inc (NYSE:RIV) insider Rivernorth Capital Management, sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $20.10, for a total transaction of $261,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Thursday, December 21st, Rivernorth Capital Management, sold 13,442 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $19.75, for a total transaction of $265,479.50.
  • On Tuesday, October 10th, Rivernorth Capital Management, sold 14,374 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $21.01, for a total transaction of $301,997.74.
  • On Thursday, October 5th, Rivernorth Capital Management, sold 7,000 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $20.72, for a total transaction of $145,040.00.

Rivernorth Opportunities Fund Inc (RIV) traded up $0.04 during mid-day trading on Thursday, hitting $20.25. 40,100 shares of the company were exchanged, compared to its average volume of 66,250. Rivernorth Opportunities Fund Inc has a 1-year low of $18.76 and a 1-year 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 issued a $0.21 dividend. The ex-dividend date was Thursday, December 14th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 12.44%.

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

COPYRIGHT VIOLATION WARNING: “Rivernorth Opportunities Fund Inc (RIV) Insider Rivernorth Capital Management, Sells 13,000 Shares of Stock” was first posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://transcriptdaily.com/2018/01/04/rivernorth-opportunities-fund-inc-riv-insider-rivernorth-capital-management-sells-13000-shares-of-stock.html.

About Rivernorth Opportunities Fund

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).

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.

Leave a Reply