PFG Investments LLC Purchases 93,573 Shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. $OPP

PFG Investments LLC increased its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 218.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 136,424 shares of the company’s stock after buying an additional 93,573 shares during the quarter. PFG Investments LLC’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Advisors Asset Management Inc. raised its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 136.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 364,018 shares of the company’s stock valued at $3,105,000 after purchasing an additional 210,203 shares during the last quarter. Riverbridge Partners LLC raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 262.6% in the 4th quarter. Riverbridge Partners LLC now owns 224,106 shares of the company’s stock valued at $1,782,000 after buying an additional 162,298 shares in the last quarter. Verity Asset Management Inc. raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 29.2% in the 3rd quarter. Verity Asset Management Inc. now owns 79,104 shares of the company’s stock valued at $675,000 after buying an additional 17,895 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 10.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 67,604 shares of the company’s stock valued at $567,000 after buying an additional 6,334 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 2nd quarter valued at $92,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

Shares of OPP stock opened at $7.88 on Friday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 52-week low of $7.49 and a 52-week high of $8.82. The firm has a fifty day moving average of $7.76 and a 200-day moving average of $7.94.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.091 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%.

RiverNorth/DoubleLine Strategic Opportunity Fund Profile

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fixed income markets. The fund seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc was formed on December 30, 2010 and is domiciled in the United States.