RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Shares Bought by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC boosted its holdings in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 25.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,780 shares of the company’s stock after buying an additional 8,780 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in RiverNorth Opportunities Fund were worth $492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Penserra Capital Management LLC acquired a new position in RiverNorth Opportunities Fund during the 3rd quarter valued at about $7,864,000. B. Riley Wealth Advisors Inc. increased its position in RiverNorth Opportunities Fund by 2.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 253,229 shares of the company’s stock valued at $3,273,000 after buying an additional 4,989 shares in the last quarter. Strategic Financial Concepts LLC increased its position in RiverNorth Opportunities Fund by 1,171.6% during the 4th quarter. Strategic Financial Concepts LLC now owns 190,734 shares of the company’s stock valued at $2,192,000 after buying an additional 175,734 shares in the last quarter. Principal Securities Inc. increased its position in RiverNorth Opportunities Fund by 6.6% during the 4th quarter. Principal Securities Inc. now owns 165,714 shares of the company’s stock valued at $1,904,000 after buying an additional 10,247 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in RiverNorth Opportunities Fund during the 3rd quarter valued at about $568,000.

RiverNorth Opportunities Fund Stock Down 0.9 %

Shares of NYSE:RIV opened at $12.38 on Monday. The business’s 50-day moving average is $12.06 and its 200 day moving average is $12.35. RiverNorth Opportunities Fund, Inc. has a 1 year low of $11.20 and a 1 year high of $12.96.

RiverNorth Opportunities Fund Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a $0.1277 dividend. This represents a dividend yield of 12.64%. The ex-dividend date of this dividend was Wednesday, January 15th.

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.