Sit Investment Associates Inc. Acquires Shares of 238,253 RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. $OPP

Sit Investment Associates Inc. bought a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 238,253 shares of the company’s stock, valued at approximately $1,894,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 23.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,325,507 shares of the company’s stock valued at $10,538,000 after purchasing an additional 252,749 shares during the period. Riverbridge Partners LLC boosted its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 262.6% during the fourth quarter. Riverbridge Partners LLC now owns 224,106 shares of the company’s stock worth $1,782,000 after buying an additional 162,298 shares during the period. 1607 Capital Partners LLC grew its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 453.6% during the fourth quarter. 1607 Capital Partners LLC now owns 178,157 shares of the company’s stock worth $1,416,000 after buying an additional 145,973 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 297.9% during the third quarter. NewEdge Advisors LLC now owns 182,225 shares of the company’s stock worth $1,554,000 after buying an additional 136,425 shares during the last quarter. Finally, Yakira Capital Management Inc. acquired a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter valued at about $752,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

Shares of OPP opened at $7.54 on Friday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 1 year low of $7.49 and a 1 year high of $8.82. The company’s fifty day moving average is $7.71 and its two-hundred day moving average is $7.79.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.091 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 14.5%.

RiverNorth/DoubleLine Strategic Opportunity Fund Company 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.