Riverbridge Partners LLC Purchases 162,298 Shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. $OPP

Riverbridge Partners LLC raised its position in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 262.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 224,106 shares of the company’s stock after buying an additional 162,298 shares during the period. Riverbridge Partners LLC’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $1,782,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in OPP. Geneos Wealth Management Inc. increased its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 921.7% during the first quarter. Geneos Wealth Management Inc. now owns 3,525 shares of the company’s stock worth $30,000 after buying an additional 3,180 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 58.0% in the second quarter. PNC Financial Services Group Inc. now owns 7,900 shares of the company’s stock valued at $68,000 after acquiring an additional 2,900 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 2nd quarter worth approximately $1,315,000. J.W. Cole Advisors Inc. boosted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 1.5% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 248,386 shares of the company’s stock worth $2,124,000 after acquiring an additional 3,786 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 9.7% during the 2nd quarter. Raymond James Financial Inc. now owns 155,379 shares of the company’s stock worth $1,328,000 after acquiring an additional 13,750 shares during the last quarter.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

OPP stock opened at $7.50 on Friday. The business has a fifty day moving average price of $7.80 and a 200 day moving average price of $8.04. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a fifty-two week low of $7.50 and a fifty-two week high of $8.82.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.091 per share. This represents a c) annualized dividend and a dividend yield of 14.6%. The ex-dividend date is Monday, March 16th.

About RiverNorth/DoubleLine Strategic Opportunity Fund

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. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc was formed on December 30, 2010 and is domiciled in the United States.