LPL Financial LLC Raises Stock Position in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

LPL Financial LLC lifted its holdings in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 4.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 426,391 shares of the company’s stock after purchasing an additional 19,743 shares during the period. LPL Financial LLC’s holdings in RiverNorth Opportunities Fund were worth $5,027,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Elequin Capital LP purchased a new position in shares of RiverNorth Opportunities Fund during the 4th quarter worth approximately $74,000. Cary Street Partners Financial LLC purchased a new position in shares of RiverNorth Opportunities Fund during the 4th quarter worth approximately $121,000. WealthTrust Asset Management LLC purchased a new position in shares of RiverNorth Opportunities Fund during the 1st quarter worth approximately $170,000. Jane Street Group LLC purchased a new position in shares of RiverNorth Opportunities Fund during the 4th quarter worth approximately $270,000. Finally, Total Wealth Planning & Management Inc. purchased a new position in shares of RiverNorth Opportunities Fund during the 1st quarter worth approximately $309,000.

RiverNorth Opportunities Fund Price Performance

Shares of RIV opened at $12.43 on Thursday. The firm has a 50 day simple moving average of $12.23 and a 200-day simple moving average of $11.94. RiverNorth Opportunities Fund, Inc. has a 1-year low of $10.11 and a 1-year high of $12.96.

RiverNorth Opportunities Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.1277 per share. This represents a dividend yield of 1,236.0%. The ex-dividend date of this dividend is Friday, August 15th.

RiverNorth Opportunities Fund Company 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.