Raymond James Financial Inc. Buys Shares of 30,984 Special Opportunities Fund, Inc. (NYSE:SPE)

Raymond James Financial Inc. purchased a new position in Special Opportunities Fund, Inc. (NYSE:SPE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 30,984 shares of the closed-end fund’s stock, valued at approximately $453,000.

Several other hedge funds and other institutional investors have also modified their holdings of SPE. Global Retirement Partners LLC purchased a new position in Special Opportunities Fund in the fourth quarter valued at about $45,000. Absolute Investment Advisers LLC acquired a new stake in shares of Special Opportunities Fund during the 4th quarter valued at about $154,000. Aspiriant LLC bought a new stake in shares of Special Opportunities Fund in the 4th quarter valued at approximately $194,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Special Opportunities Fund by 41.7% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,542 shares of the closed-end fund’s stock worth $227,000 after buying an additional 4,570 shares during the last quarter. Finally, Truist Financial Corp bought a new position in Special Opportunities Fund during the fourth quarter valued at approximately $328,000. 35.60% of the stock is currently owned by hedge funds and other institutional investors.

Special Opportunities Fund Trading Down 0.2 %

NYSE SPE opened at $14.81 on Friday. Special Opportunities Fund, Inc. has a 12-month low of $12.65 and a 12-month high of $15.87. The company has a 50 day moving average price of $14.60 and a two-hundred day moving average price of $14.92.

Special Opportunities Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd were issued a $0.1098 dividend. This represents a yield of 9.35%. The ex-dividend date was Tuesday, April 22nd.

Special Opportunities Fund Profile

Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.