Westside Investment Management Inc. Sells 1,200 Shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Westside Investment Management Inc. lessened its holdings in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 20,000 shares of the company’s stock after selling 1,200 shares during the period. Westside Investment Management Inc.’s holdings in RiverNorth Opportunities Fund were worth $230,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in RIV. SeaCrest Wealth Management LLC lifted its position in RiverNorth Opportunities Fund by 7.2% during the 4th quarter. SeaCrest Wealth Management LLC now owns 24,086 shares of the company’s stock worth $277,000 after buying an additional 1,608 shares in the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of RiverNorth Opportunities Fund in the third quarter valued at about $27,000. B. Riley Wealth Advisors Inc. raised its holdings in RiverNorth Opportunities Fund by 2.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 253,229 shares of the company’s stock worth $3,273,000 after acquiring an additional 4,989 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in RiverNorth Opportunities Fund during the third quarter worth about $568,000. Finally, Penserra Capital Management LLC acquired a new position in RiverNorth Opportunities Fund during the third quarter valued at approximately $7,864,000.

RiverNorth Opportunities Fund Stock Up 0.1 %

NYSE:RIV opened at $12.12 on Wednesday. RiverNorth Opportunities Fund, Inc. has a twelve month low of $11.16 and a twelve month high of $12.96. The stock’s 50 day moving average price is $12.19 and its two-hundred day moving average price is $12.36.

RiverNorth Opportunities Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a dividend of $0.1277 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a yield of 12.64%.

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.