Strategic Financial Concepts LLC Increases Position in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Strategic Financial Concepts LLC lifted its position in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 10.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 16,600 shares of the company’s stock after purchasing an additional 1,600 shares during the quarter. Strategic Financial Concepts LLC’s holdings in RiverNorth Opportunities Fund were worth $191,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SeaCrest Wealth Management LLC increased its stake in shares of RiverNorth Opportunities Fund by 7.2% in the fourth quarter. SeaCrest Wealth Management LLC now owns 24,086 shares of the company’s stock worth $277,000 after purchasing an additional 1,608 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in shares of RiverNorth Opportunities Fund in the third quarter worth $27,000. B. Riley Wealth Advisors Inc. boosted its position in shares of RiverNorth Opportunities Fund by 2.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 253,229 shares of the company’s stock worth $3,273,000 after acquiring an additional 4,989 shares during the last quarter. Principal Securities Inc. boosted its position in shares of RiverNorth Opportunities Fund by 6.6% during the fourth quarter. Principal Securities Inc. now owns 165,714 shares of the company’s stock worth $1,904,000 after acquiring an additional 10,247 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of RiverNorth Opportunities Fund during the third quarter worth $568,000.

RiverNorth Opportunities Fund Stock Performance

Shares of NYSE:RIV opened at $12.35 on Friday. The firm has a fifty day moving average price of $12.04 and a 200 day moving average price of $12.35. RiverNorth Opportunities Fund, Inc. has a fifty-two week low of $11.20 and a fifty-two week high of $12.96.

RiverNorth Opportunities Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of $0.1277 per share. 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.