RiverNorth Opportunities Fund, Inc. $RIV Stake Lessened by NWF Advisory Services Inc.

NWF Advisory Services Inc. cut its stake in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 54.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,227 shares of the company’s stock after selling 61,675 shares during the period. NWF Advisory Services Inc.’s holdings in RiverNorth Opportunities Fund were worth $601,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of RiverNorth Opportunities Fund by 25.2% in the 1st quarter. Royal Bank of Canada now owns 199,111 shares of the company’s stock worth $2,348,000 after purchasing an additional 40,031 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of RiverNorth Opportunities Fund by 1.7% in the 2nd quarter. Raymond James Financial Inc. now owns 63,215 shares of the company’s stock valued at $775,000 after purchasing an additional 1,047 shares in the last quarter. Bank of America Corp DE raised its stake in shares of RiverNorth Opportunities Fund by 89.7% in the 2nd quarter. Bank of America Corp DE now owns 47,442 shares of the company’s stock valued at $582,000 after purchasing an additional 22,431 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of RiverNorth Opportunities Fund during the third quarter worth about $1,200,000. Finally, Quarry LP bought a new position in shares of RiverNorth Opportunities Fund during the third quarter worth about $936,000.

RiverNorth Opportunities Fund Trading Up 0.0%

NYSE:RIV opened at $11.55 on Friday. RiverNorth Opportunities Fund, Inc. has a one year low of $10.93 and a one year high of $12.56. The stock has a 50-day simple moving average of $11.59 and a 200 day simple moving average of $11.68.

RiverNorth Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.1306 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 13.6%.

RiverNorth Opportunities Fund Profile

RiverNorth Opportunities Fund (NYSE:RIV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. Listed on the New York Stock Exchange, the fund employs an unconstrained, actively managed approach to investing across a broad array of convertible and derivative securities.

The fund’s primary investments include convertible bonds, convertible preferred stocks, synthetic convertible instruments (such as caps, floors and spreads), and related derivative instruments.