Baird Financial Group Inc. Increases Stock Position in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

Baird Financial Group Inc. grew its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPPGet Rating) by 61.8% during the second quarter, HoldingsChannel.com reports. The fund owned 90,621 shares of the company’s stock after buying an additional 34,614 shares during the quarter. Baird Financial Group Inc.’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $987,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Landscape Capital Management L.L.C. boosted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 116.0% during the 2nd quarter. Landscape Capital Management L.L.C. now owns 48,566 shares of the company’s stock valued at $529,000 after acquiring an additional 26,079 shares during the last quarter. Next Capital Management LLC purchased a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the second quarter worth approximately $354,000. Foundations Investment Advisors LLC purchased a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the second quarter worth approximately $325,000. Royal Bank of Canada boosted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 21.8% in the first quarter. Royal Bank of Canada now owns 33,201 shares of the company’s stock worth $413,000 after buying an additional 5,937 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 33.0% in the first quarter. Centaurus Financial Inc. now owns 238,871 shares of the company’s stock worth $2,976,000 after buying an additional 59,225 shares during the last quarter.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

OPP opened at $9.18 on Friday. The company’s 50 day moving average is $9.25 and its 200 day moving average is $10.31. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 12-month low of $8.50 and a 12-month high of $15.36.

RiverNorth/DoubleLine Strategic Opportunity Fund Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be issued a $0.1478 dividend. This represents a dividend yield of 19.03%. The ex-dividend date is Wednesday, December 14th.

About RiverNorth/DoubleLine Strategic Opportunity Fund

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding OPP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPPGet Rating).

Institutional Ownership by Quarter for RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE:OPP)

Receive News & Ratings for RiverNorth/DoubleLine Strategic Opportunity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RiverNorth/DoubleLine Strategic Opportunity Fund and related companies with MarketBeat.com's FREE daily email newsletter.