Oppenheimer & Co. Inc. Raises Stock Position in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Oppenheimer & Co. Inc. grew its holdings in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIVGet Rating) by 15.0% during the second quarter, Holdings Channel reports. The firm owned 16,402 shares of the company’s stock after purchasing an additional 2,145 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in RiverNorth Opportunities Fund were worth $232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Private Advisor Group LLC acquired a new position in shares of RiverNorth Opportunities Fund during the first quarter worth about $220,000. Ford Financial Group LLC grew its position in shares of RiverNorth Opportunities Fund by 17.9% during the second quarter. Ford Financial Group LLC now owns 16,249 shares of the company’s stock worth $229,000 after buying an additional 2,472 shares in the last quarter. Raymond James & Associates grew its position in shares of RiverNorth Opportunities Fund by 11.6% during the first quarter. Raymond James & Associates now owns 24,371 shares of the company’s stock worth $389,000 after buying an additional 2,526 shares in the last quarter. Tennessee Valley Asset Management Partners grew its position in shares of RiverNorth Opportunities Fund by 147.8% during the second quarter. Tennessee Valley Asset Management Partners now owns 33,036 shares of the company’s stock worth $466,000 after buying an additional 19,704 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of RiverNorth Opportunities Fund during the first quarter worth about $563,000.

RiverNorth Opportunities Fund Price Performance

Shares of RiverNorth Opportunities Fund stock opened at $12.48 on Friday. RiverNorth Opportunities Fund, Inc. has a one year low of $11.60 and a one year high of $16.96. The business has a 50-day simple moving average of $12.58 and a 200-day simple moving average of $13.68.

RiverNorth Opportunities Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 21st will be given a dividend of $0.17 per share. This represents a dividend yield of 15.69%. The ex-dividend date is Friday, November 18th.

About RiverNorth Opportunities Fund

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding RIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RiverNorth Opportunities Fund, Inc. (NYSE:RIVGet Rating).

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

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