Shaker Financial Services LLC Buys New Shares in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Shaker Financial Services LLC bought a new position in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 101,071 shares of the company’s stock, valued at approximately $1,161,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of RiverNorth Opportunities Fund by 24.6% in the 4th quarter. LPL Financial LLC now owns 406,648 shares of the company’s stock valued at $4,672,000 after acquiring an additional 80,286 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in RiverNorth Opportunities Fund by 2.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 253,229 shares of the company’s stock valued at $3,273,000 after purchasing an additional 4,989 shares during the last quarter. Wells Fargo & Company MN grew its holdings in RiverNorth Opportunities Fund by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 231,724 shares of the company’s stock worth $2,663,000 after purchasing an additional 4,298 shares during the period. Strategic Financial Concepts LLC increased its position in RiverNorth Opportunities Fund by 1,171.6% during the fourth quarter. Strategic Financial Concepts LLC now owns 190,734 shares of the company’s stock worth $2,192,000 after buying an additional 175,734 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in RiverNorth Opportunities Fund by 10.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 172,956 shares of the company’s stock worth $1,987,000 after buying an additional 16,997 shares during the last quarter.

RiverNorth Opportunities Fund Stock Up 0.2 %

RIV opened at $10.92 on Monday. RiverNorth Opportunities Fund, Inc. has a 12-month low of $10.11 and a 12-month high of $12.96. The business has a 50 day moving average of $11.72 and a 200-day moving average of $12.11.

RiverNorth Opportunities Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.1277 per share. This represents a yield of 14.71%. The ex-dividend date is Tuesday, April 15th.

About RiverNorth Opportunities Fund

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.