Strategic Financial Concepts LLC Grows Stock Holdings in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Strategic Financial Concepts LLC boosted its stake in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 1,171.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 190,734 shares of the company’s stock after acquiring an additional 175,734 shares during the period. Strategic Financial Concepts LLC’s holdings in RiverNorth Opportunities Fund were worth $2,192,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SeaCrest Wealth Management LLC lifted its position in RiverNorth Opportunities Fund by 7.2% in the fourth quarter. SeaCrest Wealth Management LLC now owns 24,086 shares of the company’s stock valued at $277,000 after acquiring an additional 1,608 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in RiverNorth Opportunities Fund by 2.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 253,229 shares of the company’s stock valued at $3,273,000 after acquiring an additional 4,989 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in RiverNorth Opportunities Fund in the third quarter valued at $7,864,000. GHP Investment Advisors Inc. purchased a new stake in RiverNorth Opportunities Fund in the third quarter valued at $27,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of RiverNorth Opportunities Fund in the third quarter valued at about $568,000.

RiverNorth Opportunities Fund Stock Down 0.0 %

Shares of NYSE:RIV opened at $12.28 on Tuesday. The company has a 50-day simple moving average of $12.08 and a 200-day simple moving average of $12.34. RiverNorth Opportunities Fund, Inc. has a one year low of $11.20 and a one year high of $12.96.

RiverNorth Opportunities Fund Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a $0.1277 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a dividend yield of 12.64%.

RiverNorth Opportunities Fund Company Profile

RiverNorth Opportunities Fund, Inc is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc was formed on December 24, 2015 and is domiciled in the United States.