RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) To Go Ex-Dividend on August 14th

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) announced a monthly dividend on Wednesday, July 1st. Investors of record on Friday, August 14th will be given a dividend of 0.091 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 14.2%. The ex-dividend date is Friday, August 14th.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Up 0.3%

RiverNorth/DoubleLine Strategic Opportunity Fund stock opened at $7.70 on Friday. RiverNorth/DoubleLine Strategic Opportunity Fund has a 52 week low of $7.47 and a 52 week high of $8.82. The business’s 50-day moving average price is $7.67 and its 200 day moving average price is $7.76.

Institutional Trading of RiverNorth/DoubleLine Strategic Opportunity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OPP. SeaCrest Wealth Management LLC increased its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 1.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 68,904 shares of the company’s stock worth $542,000 after acquiring an additional 1,300 shares in the last quarter. PFG Investments LLC lifted its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 1.0% during the first quarter. PFG Investments LLC now owns 137,792 shares of the company’s stock valued at $1,057,000 after purchasing an additional 1,368 shares in the last quarter. Wedbush Securities Inc. grew its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 3.5% in the fourth quarter. Wedbush Securities Inc. now owns 62,432 shares of the company’s stock valued at $496,000 after purchasing an additional 2,132 shares during the period. Powell Investment Advisors LLC grew its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 11.7% in the third quarter. Powell Investment Advisors LLC now owns 24,446 shares of the company’s stock valued at $209,000 after purchasing an additional 2,557 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 198.7% during the third quarter. Bank of America Corp DE now owns 4,681 shares of the company’s stock worth $40,000 after purchasing an additional 3,114 shares in the last quarter.

About RiverNorth/DoubleLine Strategic Opportunity Fund

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. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc was formed on December 30, 2010 and is domiciled in the United States.