RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Stake Lowered by LPL Financial LLC

LPL Financial LLC reduced its position in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,723 shares of the company’s stock after selling 13,293 shares during the period. LPL Financial LLC’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $1,224,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the third quarter worth approximately $97,000. Virtu Financial LLC acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter valued at $127,000. Strategic Financial Concepts LLC increased its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 13.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 16,000 shares of the company’s stock worth $133,000 after buying an additional 1,900 shares during the last quarter. Powell Investment Advisors LLC bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter valued at about $146,000. Finally, Independent Advisor Alliance acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the fourth quarter worth about $157,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Up 0.4 %

OPP opened at $8.19 on Friday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 52-week low of $7.91 and a 52-week high of $9.30. The stock has a 50-day moving average of $8.52 and a 200-day moving average of $8.55.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.095 per share. This represents a yield of 14.04%. The ex-dividend date of this dividend is Tuesday, April 15th.

About RiverNorth/DoubleLine Strategic Opportunity Fund

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.