Shaker Financial Services LLC decreased its position in RIVERNORTH DO/COM (NYSE:OPP) by 57.9% during the 1st quarter, Holdings Channel reports. The firm owned 19,235 shares of the company’s stock after selling 26,491 shares during the quarter. Shaker Financial Services LLC’s holdings in RIVERNORTH DO/COM were worth $315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Moloney Securities Asset Management LLC grew its holdings in RIVERNORTH DO/COM by 356.5% during the 4th quarter. Moloney Securities Asset Management LLC now owns 74,661 shares of the company’s stock worth $1,213,000 after acquiring an additional 58,305 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in RIVERNORTH DO/COM during the 1st quarter worth about $165,000. Whittier Trust Co. bought a new stake in RIVERNORTH DO/COM during the 4th quarter worth about $134,000. Financial & Investment Management Group Ltd. bought a new stake in RIVERNORTH DO/COM during the 4th quarter worth about $1,933,000. Finally, We Are One Seven LLC bought a new stake in RIVERNORTH DO/COM during the 4th quarter worth about $37,000.

NYSE:OPP traded down $0.18 during mid-day trading on Thursday, reaching $16.87. 61,900 shares of the company were exchanged, compared to its average volume of 62,798. RIVERNORTH DO/COM has a 12 month low of $14.30 and a 12 month high of $17.97.

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.1833 per share. This represents a $2.20 dividend on an annualized basis and a yield of 13.04%. The ex-dividend date of this dividend is Wednesday, May 15th.

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RIVERNORTH DO/COM 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.

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Want to see what other hedge funds are holding OPP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RIVERNORTH DO/COM (NYSE:OPP).

Institutional Ownership by Quarter for RIVERNORTH DO/COM (NYSE:OPP)

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