PFG Investments LLC Takes Position in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

PFG Investments LLC purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) in the 1st quarter, Holdings Channel reports. The fund purchased 56,020 shares of the company’s stock, valued at approximately $483,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OPP. Significant Wealth Partners LLC purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 4th quarter valued at about $1,594,000. Raymond James & Associates grew its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 164.8% during the 4th quarter. Raymond James & Associates now owns 110,163 shares of the company’s stock valued at $921,000 after acquiring an additional 68,565 shares during the period. Matisse Capital grew its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 21.9% during the 4th quarter. Matisse Capital now owns 195,000 shares of the company’s stock valued at $1,630,000 after acquiring an additional 35,000 shares during the period. Clough Capital Partners L P grew its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 9.3% during the 3rd quarter. Clough Capital Partners L P now owns 274,535 shares of the company’s stock valued at $2,172,000 after acquiring an additional 23,400 shares during the period. Finally, Nomura Holdings Inc. bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 4th quarter valued at approximately $130,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Down 0.3 %

Shares of NYSE:OPP traded down $0.02 during mid-day trading on Tuesday, reaching $8.27. 95,964 shares of the company traded hands, compared to its average volume of 101,645. The company’s 50 day moving average price is $8.34 and its 200-day moving average price is $8.21. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 52 week low of $7.26 and a 52 week high of $8.83.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.1003 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 14.56%.

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.