57,591 Shares in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Bought by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 57,591 shares of the company’s stock, valued at approximately $523,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SeaCrest Wealth Management LLC raised its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 2.5% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 48,983 shares of the company’s stock worth $424,000 after buying an additional 1,190 shares during the period. Wedbush Securities Inc. lifted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 3.2% in the 2nd quarter. Wedbush Securities Inc. now owns 54,400 shares of the company’s stock worth $471,000 after purchasing an additional 1,700 shares in the last quarter. Integrated Capital Management Inc. grew its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 11.0% in the 2nd quarter. Integrated Capital Management Inc. now owns 22,417 shares of the company’s stock valued at $194,000 after purchasing an additional 2,224 shares during the period. Future Financial Wealth Managment LLC bought a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund during the 3rd quarter valued at $77,000. Finally, J.W. Cole Advisors Inc. raised its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 122.7% during the second quarter. J.W. Cole Advisors Inc. now owns 41,382 shares of the company’s stock worth $358,000 after buying an additional 22,800 shares during the last quarter.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Down 0.6 %

RiverNorth/DoubleLine Strategic Opportunity Fund stock opened at $8.36 on Friday. The firm’s fifty day moving average price is $8.92 and its two-hundred day moving average price is $8.77. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 1-year low of $7.78 and a 1-year high of $9.30.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.1003 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a yield of 14.40%.

RiverNorth/DoubleLine Strategic Opportunity Fund 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.