1607 Capital Partners LLC Sells 238,900 Shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. $OPP

1607 Capital Partners LLC lowered its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 88.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,184 shares of the company’s stock after selling 238,900 shares during the quarter. 1607 Capital Partners LLC’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $275,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the second quarter worth $1,315,000. Post Resch Tallon Group Inc. boosted its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 45.7% in the third quarter. Post Resch Tallon Group Inc. now owns 16,542 shares of the company’s stock valued at $141,000 after purchasing an additional 5,186 shares during the last quarter. PFG Investments LLC grew its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 6.1% during the 3rd quarter. PFG Investments LLC now owns 42,851 shares of the company’s stock worth $366,000 after purchasing an additional 2,476 shares during the period. PNC Financial Services Group Inc. grew its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 58.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,900 shares of the company’s stock worth $68,000 after purchasing an additional 2,900 shares during the period. Finally, CoreCap Advisors LLC raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 56.3% during the 3rd quarter. CoreCap Advisors LLC now owns 26,108 shares of the company’s stock valued at $223,000 after buying an additional 9,408 shares during the last quarter.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

Shares of OPP stock opened at $7.71 on Monday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 52-week low of $7.69 and a 52-week high of $8.82. The business has a 50-day simple moving average of $7.87 and a 200-day simple moving average of $8.11.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.091 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 14.2%.

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.