Raymond James & Associates Increases Holdings in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Raymond James & Associates increased its holdings in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 39.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 44,336 shares of the company’s stock after acquiring an additional 12,516 shares during the period. Raymond James & Associates’ holdings in RiverNorth Opportunities Fund were worth $487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CoreCap Advisors LLC grew its holdings in RiverNorth Opportunities Fund by 14.8% during the 4th quarter. CoreCap Advisors LLC now owns 12,425 shares of the company’s stock valued at $137,000 after buying an additional 1,600 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of RiverNorth Opportunities Fund by 6.3% during the third quarter. Janney Montgomery Scott LLC now owns 267,409 shares of the company’s stock worth $2,810,000 after acquiring an additional 15,770 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of RiverNorth Opportunities Fund by 14.4% during the third quarter. Oppenheimer & Co. Inc. now owns 39,180 shares of the company’s stock worth $412,000 after acquiring an additional 4,923 shares during the last quarter. Channel Wealth LLC grew its stake in RiverNorth Opportunities Fund by 4.3% during the third quarter. Channel Wealth LLC now owns 26,396 shares of the company’s stock valued at $277,000 after acquiring an additional 1,080 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in RiverNorth Opportunities Fund by 4.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 33,707 shares of the company’s stock worth $354,000 after purchasing an additional 1,292 shares in the last quarter.

RiverNorth Opportunities Fund Price Performance

RIV opened at $11.66 on Friday. The firm has a 50-day simple moving average of $11.77 and a two-hundred day simple moving average of $11.17. RiverNorth Opportunities Fund, Inc. has a 52 week low of $9.63 and a 52 week high of $12.43.

RiverNorth Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.1289 per share. This represents a $1.55 dividend on an annualized basis and a yield of 13.27%. The ex-dividend date is Friday, June 14th.

About RiverNorth Opportunities Fund

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.