1607 Capital Partners LLC Purchases 145,973 Shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. $OPP

1607 Capital Partners LLC increased its position in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 453.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 178,157 shares of the company’s stock after acquiring an additional 145,973 shares during the quarter. 1607 Capital Partners LLC’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $1,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of OPP. Geneos Wealth Management Inc. lifted its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 921.7% during 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 in the last quarter. Raymond James Financial Inc. lifted its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 9.7% during the second quarter. Raymond James Financial Inc. now owns 155,379 shares of the company’s stock valued at $1,328,000 after purchasing an additional 13,750 shares in the last quarter. Jane Street Group LLC purchased a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the second quarter valued at $92,000. Powell Investment Advisors LLC lifted its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 11.7% during the third quarter. Powell Investment Advisors LLC now owns 24,446 shares of the company’s stock valued at $209,000 after purchasing an additional 2,557 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 10.3% during the third quarter. SeaCrest Wealth Management LLC now owns 67,604 shares of the company’s stock valued at $567,000 after purchasing an additional 6,334 shares in the last quarter.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Down 0.5%

NYSE OPP opened at $7.52 on Thursday. The business’s fifty day moving average is $7.72 and its 200 day moving average is $7.79. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a fifty-two week low of $7.49 and a fifty-two week high of $8.82.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

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

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.