Shaker Financial Services LLC Sells 26,510 Shares of RiverNorth Opportunities Fund, Inc. $RIV

Shaker Financial Services LLC cut its stake in RiverNorth Opportunities Fund, Inc. (NYSE:RIVFree Report) by 46.5% in the 2nd quarter, Holdings Channel reports. The firm owned 30,464 shares of the company’s stock after selling 26,510 shares during the period. Shaker Financial Services LLC’s holdings in RiverNorth Opportunities Fund were worth $373,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RIV. Oliver Lagore Vanvalin Investment Group bought a new position in RiverNorth Opportunities Fund in the 2nd quarter worth $40,000. Truvestments Capital LLC bought a new position in RiverNorth Opportunities Fund in the 1st quarter worth $108,000. WealthTrust Asset Management LLC bought a new position in RiverNorth Opportunities Fund in the 1st quarter worth $170,000. Opal Wealth Advisors LLC bought a new position in shares of RiverNorth Opportunities Fund in the 2nd quarter worth about $265,000. Finally, Readystate Asset Management LP bought a new position in shares of RiverNorth Opportunities Fund in the 1st quarter worth about $321,000.

RiverNorth Opportunities Fund Trading Down 0.2%

Shares of RiverNorth Opportunities Fund stock opened at $11.63 on Tuesday. The company has a 50-day moving average of $12.00 and a 200 day moving average of $12.04. RiverNorth Opportunities Fund, Inc. has a 1 year low of $10.11 and a 1 year high of $12.79.

RiverNorth Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.1277 dividend. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date is Monday, December 15th.

RiverNorth Opportunities Fund Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RiverNorth Opportunities Fund (NYSE:RIV)

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