Raymond James Financial Services Advisors Inc. Makes New Investment in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Raymond James Financial Services Advisors Inc. acquired a new position in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,732 shares of the company’s stock, valued at approximately $272,000.

A number of other large investors have also recently made changes to their positions in RIV. CoreCap Advisors LLC increased its stake in shares of RiverNorth Opportunities Fund by 14.8% during the fourth quarter. CoreCap Advisors LLC now owns 12,425 shares of the company’s stock worth $137,000 after buying an additional 1,600 shares during the period. Channel Wealth LLC increased its stake in shares of RiverNorth Opportunities Fund by 4.3% during the third quarter. Channel Wealth LLC now owns 26,396 shares of the company’s stock worth $277,000 after buying an additional 1,080 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of RiverNorth Opportunities Fund by 4.0% during the third quarter. Commonwealth Equity Services LLC now owns 33,707 shares of the company’s stock worth $354,000 after buying an additional 1,292 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of RiverNorth Opportunities Fund by 14.4% during the third quarter. Oppenheimer & Co. Inc. now owns 39,180 shares of the company’s stock worth $412,000 after buying an additional 4,923 shares during the period. Finally, Raymond James & Associates increased its stake in shares of RiverNorth Opportunities Fund by 39.3% during the fourth quarter. Raymond James & Associates now owns 44,336 shares of the company’s stock worth $487,000 after buying an additional 12,516 shares during the period.

RiverNorth Opportunities Fund Stock Performance

RIV stock opened at $11.45 on Tuesday. The company’s 50 day moving average price is $11.78 and its 200 day moving average price is $11.15. RiverNorth Opportunities Fund, Inc. has a fifty-two week low of $9.63 and a fifty-two week high of $12.43.

RiverNorth Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.1289 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.55 annualized dividend and a yield of 13.51%.

RiverNorth Opportunities Fund Company Profile

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.