Foundations Investment Advisors LLC Makes New Investment in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

Foundations Investment Advisors LLC bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPPGet Rating) during the second quarter, according to its most recent filing with the SEC. The firm bought 29,256 shares of the company’s stock, valued at approximately $325,000.

A number of other large investors also recently modified their holdings of OPP. Royal Bank of Canada raised its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 21.8% in the 1st quarter. Royal Bank of Canada now owns 33,201 shares of the company’s stock valued at $413,000 after buying an additional 5,937 shares during the last quarter. Centaurus Financial Inc. increased its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 33.0% during the 1st quarter. Centaurus Financial Inc. now owns 238,871 shares of the company’s stock valued at $2,976,000 after purchasing an additional 59,225 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 4.7% during the 1st quarter. NewEdge Advisors LLC now owns 82,406 shares of the company’s stock valued at $1,027,000 after purchasing an additional 3,700 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 2.8% during the 1st quarter. Baird Financial Group Inc. now owns 56,007 shares of the company’s stock valued at $698,000 after purchasing an additional 1,529 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 1st quarter valued at $280,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Down 1.3 %

Shares of RiverNorth/DoubleLine Strategic Opportunity Fund stock opened at $9.96 on Monday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 1 year low of $9.63 and a 1 year high of $15.64. The stock has a fifty day moving average price of $10.90 and a 200-day moving average price of $11.31.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a dividend of $0.1478 per share. This represents a $1.77 annualized dividend and a dividend yield of 17.81%. The ex-dividend date of this dividend is Thursday, September 15th.

RiverNorth/DoubleLine Strategic Opportunity Fund Profile

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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.

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

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