Stifel Financial Corp Grows Position in RIVERNORTH DO/COM (OPP)

Stifel Financial Corp increased its holdings in RIVERNORTH DO/COM (NYSE:OPP) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 143,861 shares of the company’s stock after purchasing an additional 9,518 shares during the period. Stifel Financial Corp’s holdings in RIVERNORTH DO/COM were worth $2,334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Moloney Securities Asset Management LLC increased its position in RIVERNORTH DO/COM by 356.5% during the fourth quarter. Moloney Securities Asset Management LLC now owns 74,661 shares of the company’s stock valued at $1,213,000 after acquiring an additional 58,305 shares during the last quarter. Relative Value Partners Group LLC increased its position in RIVERNORTH DO/COM by 18.5% during the fourth quarter. Relative Value Partners Group LLC now owns 310,893 shares of the company’s stock valued at $5,052,000 after acquiring an additional 48,572 shares during the last quarter. Whittier Trust Co. bought a new position in RIVERNORTH DO/COM during the fourth quarter valued at $134,000. Shaker Financial Services LLC increased its position in RIVERNORTH DO/COM by 188.7% during the fourth quarter. Shaker Financial Services LLC now owns 45,726 shares of the company’s stock valued at $743,000 after acquiring an additional 29,889 shares during the last quarter. Finally, Financial & Investment Management Group Ltd. bought a new position in RIVERNORTH DO/COM during the fourth quarter valued at $1,933,000.

OPP stock traded down $0.01 during mid-day trading on Friday, reaching $16.79. 124,481 shares of the stock traded hands, compared to its average volume of 65,220. RIVERNORTH DO/COM has a one year low of $14.30 and a one year high of $17.97.

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 16th will be given a dividend of $0.1833 per share. This represents a $2.20 dividend on an annualized basis and a yield of 13.10%. The ex-dividend date of this dividend is Wednesday, May 15th.

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RIVERNORTH DO/COM 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.

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

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