LPL Financial LLC Has $1.22 Million Stake in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

LPL Financial LLC decreased its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 8.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 146,723 shares of the company’s stock after selling 13,293 shares during the quarter. LPL Financial LLC’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $1,224,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of OPP. Sanctuary Advisors LLC acquired a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the 3rd quarter valued at about $97,000. Virtu Financial LLC bought a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter worth approximately $127,000. Strategic Financial Concepts LLC raised its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 13.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 16,000 shares of the company’s stock valued at $133,000 after acquiring an additional 1,900 shares during the last quarter. Powell Investment Advisors LLC bought a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 4th quarter valued at $146,000. Finally, Independent Advisor Alliance acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter valued at $157,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Up 0.4 %

Shares of OPP stock opened at $8.19 on Friday. The stock has a 50-day moving average of $8.52 and a 200-day moving average of $8.55. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a one year low of $7.91 and a one year high of $9.30.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a dividend yield of 14.04%.

RiverNorth/DoubleLine Strategic Opportunity Fund Profile

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.