Shaker Financial Services LLC Lowers Stock Position in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

Shaker Financial Services LLC decreased its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 71.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,128 shares of the company’s stock after selling 196,796 shares during the period. Shaker Financial Services LLC’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 1st quarter valued at $73,000. BlackDiamond Wealth Management LLC acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter worth $86,000. Nomura Holdings Inc. acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter worth $130,000. J.W. Cole Advisors Inc. acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 1st quarter worth $160,000. Finally, Integrated Capital Management Inc. boosted its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 7.2% in the 1st quarter. Integrated Capital Management Inc. now owns 20,193 shares of the company’s stock worth $174,000 after purchasing an additional 1,363 shares in the last quarter.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Up 0.2 %

Shares of RiverNorth/DoubleLine Strategic Opportunity Fund stock traded up $0.02 during trading on Thursday, reaching $9.06. The company’s stock had a trading volume of 18,010 shares, compared to its average volume of 94,946. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 1-year low of $7.26 and a 1-year high of $9.10. The company has a 50-day simple moving average of $8.80 and a two-hundred day simple moving average of $8.56.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.1003 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 13.28%.

About RiverNorth/DoubleLine Strategic Opportunity Fund

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.