Nations Financial Group Inc. IA ADV Cuts Stock Position in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Nations Financial Group Inc. IA ADV trimmed its holdings in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,842 shares of the company’s stock after selling 834 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in RiverNorth Opportunities Fund were worth $1,148,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. increased its stake in RiverNorth Opportunities Fund by 28.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 248,240 shares of the company’s stock worth $3,043,000 after buying an additional 54,790 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of RiverNorth Opportunities Fund during the third quarter worth approximately $568,000. Calamos Advisors LLC raised its stake in RiverNorth Opportunities Fund by 27.6% in the 2nd quarter. Calamos Advisors LLC now owns 30,271 shares of the company’s stock valued at $371,000 after purchasing an additional 6,549 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in RiverNorth Opportunities Fund in the 3rd quarter valued at $27,000. Finally, Private Advisor Group LLC boosted its stake in RiverNorth Opportunities Fund by 6.9% during the 1st quarter. Private Advisor Group LLC now owns 31,450 shares of the company’s stock worth $379,000 after purchasing an additional 2,034 shares during the last quarter.

RiverNorth Opportunities Fund Stock Down 1.0 %

RiverNorth Opportunities Fund stock opened at $12.56 on Wednesday. The company has a fifty day simple moving average of $12.61 and a 200-day simple moving average of $12.34. RiverNorth Opportunities Fund, Inc. has a 52-week low of $10.30 and a 52-week high of $12.96.

RiverNorth Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.1289 per share. The ex-dividend date is Friday, December 13th. This represents a $1.55 annualized dividend and a yield of 12.32%.

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.