10,023 Shares in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Bought by Independent Advisor Alliance

Independent Advisor Alliance acquired a new position in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,023 shares of the company’s stock, valued at approximately $115,000.

Several other hedge funds and other institutional investors have also modified their holdings of RIV. Raymond James Financial Inc. acquired a new stake in shares of RiverNorth Opportunities Fund in the 4th quarter valued at $688,000. Oppenheimer & Co. Inc. lifted its stake in shares of RiverNorth Opportunities Fund by 2.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 44,274 shares of the company’s stock valued at $509,000 after purchasing an additional 995 shares during the last quarter. Advisor OS LLC acquired a new stake in shares of RiverNorth Opportunities Fund in the 4th quarter valued at $595,000. Atria Wealth Solutions Inc. lifted its stake in shares of RiverNorth Opportunities Fund by 499.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 113,390 shares of the company’s stock valued at $1,303,000 after purchasing an additional 94,486 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its stake in shares of RiverNorth Opportunities Fund by 25.8% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 42,780 shares of the company’s stock valued at $492,000 after purchasing an additional 8,780 shares during the last quarter.

RiverNorth Opportunities Fund Stock Up 0.6 %

RIV stock opened at $11.76 on Friday. RiverNorth Opportunities Fund, Inc. has a 1 year low of $11.20 and a 1 year high of $12.96. The company has a fifty day simple moving average of $12.11 and a 200 day simple moving average of $12.32.

RiverNorth Opportunities Fund Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a dividend of $0.1277 per share. This represents a dividend yield of 12.64%. The ex-dividend date of this dividend was Wednesday, January 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.