Strategic Financial Concepts LLC Increases Stock Holdings in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

Strategic Financial Concepts LLC raised its stake in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,000 shares of the company’s stock after purchasing an additional 1,900 shares during the period. Strategic Financial Concepts LLC’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $133,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. lifted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 143.4% during the third quarter. J.W. Cole Advisors Inc. now owns 100,719 shares of the company’s stock worth $914,000 after purchasing an additional 59,337 shares during the period. Shaker Financial Services LLC lifted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 46.2% during the third quarter. Shaker Financial Services LLC now owns 114,248 shares of the company’s stock worth $1,037,000 after purchasing an additional 36,120 shares during the period. Prime Capital Investment Advisors LLC acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the third quarter worth $523,000. Stifel Financial Corp lifted its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 26.8% in the third quarter. Stifel Financial Corp now owns 27,503 shares of the company’s stock valued at $250,000 after acquiring an additional 5,807 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund in the third quarter valued at $97,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

RiverNorth/DoubleLine Strategic Opportunity Fund stock opened at $8.54 on Friday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a one year low of $8.11 and a one year high of $9.30. The business has a fifty day moving average of $8.45 and a two-hundred day moving average of $8.70.

RiverNorth/DoubleLine Strategic Opportunity Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of $0.095 per share. This represents a yield of 13.72%. The ex-dividend date of this dividend was Wednesday, January 15th.

About RiverNorth/DoubleLine Strategic Opportunity Fund

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.