Rivernorth Capital Management LLC Trims Position in Special Opportunities Fund, Inc. (NYSE:SPE)

Rivernorth Capital Management LLC decreased its position in shares of Special Opportunities Fund, Inc. (NYSE:SPE) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 310,363 shares of the closed-end fund’s stock after selling 13,844 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Special Opportunities Fund were worth $4,317,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SPE. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Special Opportunities Fund during the third quarter worth approximately $153,000. Landscape Capital Management L.L.C. increased its position in Special Opportunities Fund by 22.6% during the third quarter. Landscape Capital Management L.L.C. now owns 14,755 shares of the closed-end fund’s stock worth $205,000 after purchasing an additional 2,723 shares during the last quarter. Finally, Shaker Financial Services LLC increased its position in Special Opportunities Fund by 8.0% during the third quarter. Shaker Financial Services LLC now owns 63,636 shares of the closed-end fund’s stock worth $885,000 after purchasing an additional 4,713 shares during the last quarter. Hedge funds and other institutional investors own 35.60% of the company’s stock.

Special Opportunities Fund Stock Down 0.6 %

Shares of SPE stock opened at $15.27 on Thursday. Special Opportunities Fund, Inc. has a one year low of $11.43 and a one year high of $15.59. The company has a 50 day moving average price of $14.63 and a 200 day moving average price of $13.81.

Special Opportunities Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd were given a dividend of $0.0954 per share. This represents a yield of 7.93%. The ex-dividend date was Tuesday, October 22nd.

Special Opportunities Fund Company Profile

Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.