RiverNorth Opportunities Fund, Inc. $RIV Stock Holdings Increased by Sit Investment Associates Inc.

Sit Investment Associates Inc. increased its holdings in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 1,374.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,771,040 shares of the company’s stock after purchasing an additional 2,583,139 shares during the quarter. Sit Investment Associates Inc.’s holdings in RiverNorth Opportunities Fund were worth $32,532,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in RIV. Royal Bank of Canada raised its holdings in shares of RiverNorth Opportunities Fund by 25.2% during the first quarter. Royal Bank of Canada now owns 199,111 shares of the company’s stock valued at $2,348,000 after acquiring an additional 40,031 shares during the period. Raymond James Financial Inc. raised its holdings in shares of RiverNorth Opportunities Fund by 1.7% during the second quarter. Raymond James Financial Inc. now owns 63,215 shares of the company’s stock valued at $775,000 after acquiring an additional 1,047 shares during the period. Bank of America Corp DE raised its holdings in shares of RiverNorth Opportunities Fund by 89.7% during the second quarter. Bank of America Corp DE now owns 47,442 shares of the company’s stock valued at $582,000 after acquiring an additional 22,431 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of RiverNorth Opportunities Fund by 15.9% during the third quarter. Oppenheimer & Co. Inc. now owns 50,265 shares of the company’s stock valued at $603,000 after acquiring an additional 6,878 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of RiverNorth Opportunities Fund during the third quarter valued at approximately $1,200,000.

RiverNorth Opportunities Fund Stock Performance

RIV stock opened at $11.39 on Friday. RiverNorth Opportunities Fund, Inc. has a 52-week low of $10.93 and a 52-week high of $12.56. The company’s 50 day simple moving average is $11.56 and its 200-day simple moving average is $11.68.

RiverNorth Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.1306 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%.

About RiverNorth Opportunities Fund

RiverNorth Opportunities Fund (NYSE:RIV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. Listed on the New York Stock Exchange, the fund employs an unconstrained, actively managed approach to investing across a broad array of convertible and derivative securities.

The fund’s primary investments include convertible bonds, convertible preferred stocks, synthetic convertible instruments (such as caps, floors and spreads), and related derivative instruments.