Advisor Group Holdings Inc. increased its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP – Get Rating) by 5.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,044 shares of the company's stock after acquiring an additional 3,364 shares during the period. Advisor Group Holdings Inc.'s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $873,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ford Financial Group LLC raised its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 2.1% during the first quarter. Ford Financial Group LLC now owns 59,228 shares of the company's stock worth $737,000 after acquiring an additional 1,196 shares in the last quarter. B. Riley Wealth Management Inc. raised its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 28.2% during the fourth quarter. B. Riley Wealth Management Inc. now owns 21,800 shares of the company's stock worth $310,000 after acquiring an additional 4,800 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 33.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 29,382 shares of the company's stock worth $417,000 after acquiring an additional 7,345 shares in the last quarter. Castle Financial & Retirement Planning Associates Inc. bought a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter worth about $155,000. Finally, Wedbush Securities Inc. bought a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund in the first quarter valued at approximately $201,000.
Get RiverNorth/DoubleLine Strategic Opportunity Fund alerts:RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance
NYSE:OPP opened at $10.50 on Thursday. The stock's 50 day moving average price is $10.94 and its two-hundred day moving average price is $11.70. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 12-month low of $9.63 and a 12-month high of $16.01.
RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a $0.1478 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.77 annualized dividend and a yield of 16.89%.About RiverNorth/DoubleLine Strategic Opportunity Fund
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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.
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