Benjamin F. Edwards & Company Inc. Has $82,000 Position in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Benjamin F. Edwards & Company Inc. lessened its holdings in RiverNorth Opportunities Fund, Inc. (NYSE:RIVGet Rating) by 28.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,765 shares of the company’s stock after selling 2,653 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in RiverNorth Opportunities Fund were worth $82,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Private Advisor Group LLC boosted its position in shares of RiverNorth Opportunities Fund by 8.0% during the second quarter. Private Advisor Group LLC now owns 14,862 shares of the company’s stock worth $210,000 after purchasing an additional 1,095 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of RiverNorth Opportunities Fund by 2.3% during the 1st quarter. NewEdge Advisors LLC now owns 54,400 shares of the company’s stock valued at $869,000 after purchasing an additional 1,200 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in RiverNorth Opportunities Fund by 2.5% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 62,697 shares of the company’s stock worth $1,001,000 after purchasing an additional 1,555 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in RiverNorth Opportunities Fund by 15.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 16,402 shares of the company’s stock worth $232,000 after buying an additional 2,145 shares during the period. Finally, Ford Financial Group LLC lifted its stake in RiverNorth Opportunities Fund by 17.9% in the second quarter. Ford Financial Group LLC now owns 16,249 shares of the company’s stock valued at $229,000 after buying an additional 2,472 shares in the last quarter.

Insider Activity

In other RiverNorth Opportunities Fund news, Director John Wayne Hutchens purchased 2,773 shares of the stock in a transaction on Tuesday, November 8th. The shares were purchased at an average price of $11.93 per share, with a total value of $33,081.89. Following the completion of the transaction, the director now directly owns 7,763 shares in the company, valued at $92,612.59. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

RiverNorth Opportunities Fund Price Performance

Shares of RIV stock opened at $12.24 on Tuesday. RiverNorth Opportunities Fund, Inc. has a 12-month low of $11.60 and a 12-month high of $16.68. The firm has a fifty day moving average of $12.44 and a 200-day moving average of $13.23.

RiverNorth Opportunities Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.1278 per share. The ex-dividend date is Tuesday, March 14th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 12.53%.

RiverNorth Opportunities Fund Profile

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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.

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

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