Raymond James Financial Inc. Buys Shares of 59,890 RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Raymond James Financial Inc. bought a new stake in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) in the 4th quarter, Holdings Channel reports. The firm bought 59,890 shares of the company’s stock, valued at approximately $688,000.

A number of other hedge funds have also recently made changes to their positions in RIV. Strategic Financial Concepts LLC boosted its holdings in RiverNorth Opportunities Fund by 1,171.6% in the fourth quarter. Strategic Financial Concepts LLC now owns 190,734 shares of the company’s stock worth $2,192,000 after acquiring an additional 175,734 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in RiverNorth Opportunities Fund by 499.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 113,390 shares of the company’s stock worth $1,303,000 after purchasing an additional 94,486 shares in the last quarter. Advisor OS LLC purchased a new stake in RiverNorth Opportunities Fund during the 4th quarter valued at about $595,000. Principal Securities Inc. increased its stake in RiverNorth Opportunities Fund by 6.6% during the 4th quarter. Principal Securities Inc. now owns 165,714 shares of the company’s stock valued at $1,904,000 after purchasing an additional 10,247 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its holdings in RiverNorth Opportunities Fund by 25.8% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 42,780 shares of the company’s stock worth $492,000 after buying an additional 8,780 shares during the last quarter.

RiverNorth Opportunities Fund Trading Down 6.8 %

Shares of NYSE RIV opened at $11.01 on Monday. The firm’s 50 day moving average price is $12.05 and its 200-day moving average price is $12.27. RiverNorth Opportunities Fund, Inc. has a 52-week low of $10.73 and a 52-week high of $12.96.

RiverNorth Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.1277 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.53 annualized dividend and a yield of 13.92%.

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.