RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Stock Position Increased by Raymond James & Associates

Raymond James & Associates lifted its position in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 164.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 110,163 shares of the company’s stock after buying an additional 68,565 shares during the period. Raymond James & Associates’ holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $921,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of OPP. Next Capital Management LLC raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 96.3% in the 3rd quarter. Next Capital Management LLC now owns 63,896 shares of the company’s stock worth $505,000 after buying an additional 31,340 shares in the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 11.4% in the 3rd quarter. Arete Wealth Advisors LLC now owns 24,083 shares of the company’s stock worth $190,000 after acquiring an additional 2,459 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 3rd quarter worth $82,000. Strategic Financial Concepts LLC grew its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 18.4% in the 3rd quarter. Strategic Financial Concepts LLC now owns 12,200 shares of the company’s stock worth $97,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Clough Capital Partners L P grew its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 9.3% in the 3rd quarter. Clough Capital Partners L P now owns 274,535 shares of the company’s stock worth $2,172,000 after acquiring an additional 23,400 shares during the last quarter.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

Shares of NYSE OPP opened at $8.25 on Tuesday. The stock’s fifty day simple moving average is $8.34 and its 200 day simple moving average is $8.18. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 52-week low of $7.26 and a 52-week high of $8.83.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.1003 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 14.59%. The ex-dividend date is Friday, June 14th.

RiverNorth/DoubleLine Strategic Opportunity Fund Profile

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.