18,774 Shares in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Bought by Independent Advisor Alliance

Independent Advisor Alliance acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 18,774 shares of the company’s stock, valued at approximately $157,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp lifted its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 26.8% in the 3rd quarter. Stifel Financial Corp now owns 27,503 shares of the company’s stock valued at $250,000 after buying an additional 5,807 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund in the 3rd quarter valued at approximately $97,000. Absolute Investment Advisers LLC purchased a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter valued at approximately $1,037,000. SeaCrest Wealth Management LLC lifted its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 19.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 64,038 shares of the company’s stock valued at $534,000 after buying an additional 10,361 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 846.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 133,440 shares of the company’s stock worth $1,113,000 after acquiring an additional 119,340 shares during the period.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

Shares of RiverNorth/DoubleLine Strategic Opportunity Fund stock opened at $8.61 on Friday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $9.30. The business’s fifty day moving average is $8.56 and its two-hundred day moving average is $8.66.

RiverNorth/DoubleLine Strategic Opportunity Fund Cuts Dividend

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

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.