PFG Investments LLC Makes New Investment in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

PFG Investments LLC bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 56,020 shares of the company’s stock, valued at approximately $483,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OPP. Significant Wealth Partners LLC bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the fourth quarter valued at approximately $1,594,000. Raymond James & Associates boosted its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 164.8% in the fourth quarter. Raymond James & Associates now owns 110,163 shares of the company’s stock valued at $921,000 after acquiring an additional 68,565 shares during the period. Matisse Capital boosted its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 21.9% in the fourth quarter. Matisse Capital now owns 195,000 shares of the company’s stock valued at $1,630,000 after acquiring an additional 35,000 shares during the period. Clough Capital Partners L P boosted its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 9.3% in the third quarter. Clough Capital Partners L P now owns 274,535 shares of the company’s stock valued at $2,172,000 after acquiring an additional 23,400 shares during the period. Finally, Nomura Holdings Inc. bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the fourth quarter valued at approximately $130,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

Shares of OPP stock traded down $0.02 during trading hours on Tuesday, reaching $8.27. The stock had a trading volume of 95,964 shares, compared to its average volume of 101,645. The stock’s fifty day simple moving average is $8.34 and its 200 day simple moving average is $8.21. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 12 month low of $7.26 and a 12 month high of $8.83.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.1003 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 14.56%. The ex-dividend date is Friday, June 14th.

RiverNorth/DoubleLine Strategic Opportunity Fund Company Profile

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.