Sigma Planning Corp Sells 18,815 Shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Sigma Planning Corp reduced its stake in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 44.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,331 shares of the company’s stock after selling 18,815 shares during the quarter. Sigma Planning Corp’s holdings in RiverNorth Opportunities Fund were worth $256,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners lifted its position in RiverNorth Opportunities Fund by 37.4% during the 4th quarter. Tennessee Valley Asset Management Partners now owns 95,497 shares of the company’s stock worth $1,050,000 after buying an additional 25,996 shares in the last quarter. Blue Bell Private Wealth Management LLC bought a new stake in RiverNorth Opportunities Fund during the 4th quarter worth about $49,000. Raymond James Financial Services Advisors Inc. bought a new stake in RiverNorth Opportunities Fund during the 4th quarter worth about $272,000. Raymond James & Associates lifted its position in RiverNorth Opportunities Fund by 39.3% during the 4th quarter. Raymond James & Associates now owns 44,336 shares of the company’s stock worth $487,000 after buying an additional 12,516 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its position in RiverNorth Opportunities Fund by 14.8% during the 4th quarter. CoreCap Advisors LLC now owns 12,425 shares of the company’s stock worth $137,000 after buying an additional 1,600 shares in the last quarter.

RiverNorth Opportunities Fund Price Performance

Shares of NYSE:RIV opened at $11.66 on Monday. The company’s 50-day moving average price is $11.77 and its two-hundred day moving average price is $11.18. RiverNorth Opportunities Fund, Inc. has a one year low of $9.63 and a one year high of $12.43.

RiverNorth Opportunities Fund Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, June 14th. This represents a $1.55 annualized dividend and a dividend yield of 13.27%.

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.