Shaker Financial Services LLC Cuts Stake in RiverNorth Opportunities Fund, Inc. $RIV

Shaker Financial Services LLC decreased its holdings in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 46.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,464 shares of the company’s stock after selling 26,510 shares during the period. Shaker Financial Services LLC’s holdings in RiverNorth Opportunities Fund were worth $373,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Kovack Advisors Inc. purchased a new stake in shares of RiverNorth Opportunities Fund in the 2nd quarter valued at $469,000. Total Wealth Planning & Management Inc. boosted its position in RiverNorth Opportunities Fund by 3.5% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 27,108 shares of the company’s stock valued at $332,000 after buying an additional 907 shares during the period. Opal Wealth Advisors LLC purchased a new stake in RiverNorth Opportunities Fund during the 2nd quarter valued at $265,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in RiverNorth Opportunities Fund during the 2nd quarter valued at $40,000. Finally, Royal Bank of Canada boosted its position in RiverNorth Opportunities Fund by 25.2% during the 1st quarter. Royal Bank of Canada now owns 199,111 shares of the company’s stock valued at $2,348,000 after buying an additional 40,031 shares during the period.

RiverNorth Opportunities Fund Price Performance

Shares of RIV opened at $11.63 on Tuesday. The firm has a fifty day simple moving average of $12.00 and a two-hundred day simple moving average of $12.04. RiverNorth Opportunities Fund, Inc. has a twelve month low of $10.11 and a twelve month high of $12.79.

RiverNorth Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.1277 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) annualized dividend and a yield of 13.2%.

RiverNorth Opportunities Fund Company Profile

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.