Penserra Capital Management LLC Takes Position in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Penserra Capital Management LLC bought a new position in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 608,675 shares of the company’s stock, valued at approximately $7,864,000.

A number of other hedge funds have also made changes to their positions in RIV. B. Riley Wealth Advisors Inc. grew its stake in RiverNorth Opportunities Fund by 28.3% during the second 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 during the last quarter. Tennessee Valley Asset Management Partners boosted its holdings in shares of RiverNorth Opportunities Fund by 1.5% in the 2nd quarter. Tennessee Valley Asset Management Partners now owns 97,202 shares of the company’s stock worth $1,191,000 after acquiring an additional 1,402 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its position in RiverNorth Opportunities Fund by 1.4% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 89,676 shares of the company’s stock worth $1,099,000 after acquiring an additional 1,226 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in RiverNorth Opportunities Fund during the 3rd quarter valued at $568,000. Finally, Calamos Advisors LLC raised its position 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.

RiverNorth Opportunities Fund Price Performance

RiverNorth Opportunities Fund stock opened at $12.35 on Monday. The business’s fifty day moving average is $12.62 and its two-hundred day moving average is $12.37. RiverNorth Opportunities Fund, Inc. has a 52 week low of $10.46 and a 52 week high of $12.96.

RiverNorth Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.1289 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.55 annualized dividend and a yield of 12.52%.

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.