Raymond James Financial Services Advisors Inc. Invests $272,000 in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of RIV. Commonwealth Equity Services LLC boosted its holdings in RiverNorth Opportunities Fund by 4.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 33,707 shares of the company’s stock worth $354,000 after acquiring an additional 1,292 shares during the period. Channel Wealth LLC boosted its holdings in RiverNorth Opportunities Fund by 4.3% in the 3rd quarter. Channel Wealth LLC now owns 26,396 shares of the company’s stock worth $277,000 after acquiring an additional 1,080 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in RiverNorth Opportunities Fund by 14.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,180 shares of the company’s stock worth $412,000 after acquiring an additional 4,923 shares during the period. Janney Montgomery Scott LLC boosted its holdings in RiverNorth Opportunities Fund by 6.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 267,409 shares of the company’s stock worth $2,810,000 after acquiring an additional 15,770 shares during the period. Finally, CoreCap Advisors LLC boosted its holdings in RiverNorth Opportunities Fund by 14.8% in the 4th quarter. CoreCap Advisors LLC now owns 12,425 shares of the company’s stock worth $137,000 after acquiring an additional 1,600 shares during the period.

RiverNorth Opportunities Fund Stock Performance

NYSE RIV opened at $11.45 on Tuesday. RiverNorth Opportunities Fund, Inc. has a fifty-two week low of $9.63 and a fifty-two week high of $12.43. The business has a 50 day moving average price of $11.78 and a two-hundred day moving average price of $11.15.

RiverNorth Opportunities Fund Dividend Announcement

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

RiverNorth Opportunities Fund 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.