Advisors Asset Management Inc. Has $3.11 Million Stock Position in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. $OPP

Advisors Asset Management Inc. lifted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 136.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 364,018 shares of the company’s stock after purchasing an additional 210,203 shares during the period. Advisors Asset Management Inc.’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $3,105,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of OPP. PFG Investments LLC increased its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 6.1% in the third quarter. PFG Investments LLC now owns 42,851 shares of the company’s stock valued at $366,000 after purchasing an additional 2,476 shares during the last quarter. PNC Financial Services Group Inc. increased its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 58.0% during the second quarter. PNC Financial Services Group Inc. now owns 7,900 shares of the company’s stock worth $68,000 after buying an additional 2,900 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 921.7% in the first quarter. Geneos Wealth Management Inc. now owns 3,525 shares of the company’s stock valued at $30,000 after purchasing an additional 3,180 shares during the period. J.W. Cole Advisors Inc. increased its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 1.5% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 248,386 shares of the company’s stock worth $2,124,000 after buying an additional 3,786 shares during the period. Finally, Verity Asset Management Inc. increased its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 7.9% during the second quarter. Verity Asset Management Inc. now owns 61,209 shares of the company’s stock worth $523,000 after purchasing an additional 4,468 shares during the period.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Down 0.4%

NYSE OPP opened at $7.94 on Friday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 1 year low of $7.78 and a 1 year high of $8.82. The firm’s 50 day simple moving average is $7.89 and its 200 day simple moving average is $8.22.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $0.091 dividend. This represents a c) dividend on an annualized basis and a yield of 13.8%. The ex-dividend date is Monday, March 16th.

RiverNorth/DoubleLine Strategic Opportunity Fund Profile

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. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc was formed on December 30, 2010 and is domiciled in the United States.