RiverNorth Opportunities Fund, Inc. (NYSE:RIV – Get Free Report) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of 0.1306 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 13.1%. The ex-dividend date of this dividend is Thursday, January 15th. This is a 2.3% increase from RiverNorth Opportunities Fund’s previous monthly dividend of $0.13.
RiverNorth Opportunities Fund Trading Up 0.0%
RIV traded up $0.01 during trading on Tuesday, hitting $11.99. The company’s stock had a trading volume of 64,815 shares, compared to its average volume of 84,454. The firm’s 50 day moving average price is $11.66 and its 200-day moving average price is $11.97. RiverNorth Opportunities Fund has a twelve month low of $10.11 and a twelve month high of $12.56.
Hedge Funds Weigh In On RiverNorth Opportunities Fund
Several large investors have recently added to or reduced their stakes in RIV. Oliver Lagore Vanvalin Investment Group acquired a new stake in RiverNorth Opportunities Fund in the 2nd quarter worth about $40,000. CIBC Bancorp USA Inc. purchased a new position in shares of RiverNorth Opportunities Fund during the 3rd quarter worth about $136,000. Tactive Advisors LLC acquired a new stake in shares of RiverNorth Opportunities Fund in the fourth quarter worth approximately $140,000. NewEdge Advisors LLC grew its holdings in RiverNorth Opportunities Fund by 5.9% in the third quarter. NewEdge Advisors LLC now owns 19,700 shares of the company’s stock valued at $236,000 after purchasing an additional 1,100 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in RiverNorth Opportunities Fund in the second quarter valued at approximately $265,000.
About RiverNorth Opportunities Fund
RiverNorth Opportunities Fund (NYSE:RIV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. Listed on the New York Stock Exchange, the fund employs an unconstrained, actively managed approach to investing across a broad array of convertible and derivative securities.
The fund’s primary investments include convertible bonds, convertible preferred stocks, synthetic convertible instruments (such as caps, floors and spreads), and related derivative instruments.
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