Future Financial Wealth Managment LLC Makes New $73,000 Investment in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

Future Financial Wealth Managment LLC acquired a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,500 shares of the company’s stock, valued at approximately $73,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OPP. Integrated Capital Management Inc. raised its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 7.2% in the 1st quarter. Integrated Capital Management Inc. now owns 20,193 shares of the company’s stock valued at $174,000 after purchasing an additional 1,363 shares in the last quarter. CoreCap Advisors LLC increased its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 11.1% in the fourth quarter. CoreCap Advisors LLC now owns 16,000 shares of the company’s stock valued at $134,000 after buying an additional 1,600 shares during the last quarter. Verity Asset Management Inc. raised its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 6.0% in the fourth quarter. Verity Asset Management Inc. now owns 38,543 shares of the company’s stock valued at $322,000 after buying an additional 2,195 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 10.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 32,579 shares of the company’s stock worth $272,000 after buying an additional 3,000 shares during the last quarter. Finally, 1607 Capital Partners LLC boosted its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 6.5% during the 4th quarter. 1607 Capital Partners LLC now owns 147,850 shares of the company’s stock worth $1,236,000 after acquiring an additional 9,000 shares in the last quarter.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

Shares of NYSE OPP opened at $8.68 on Thursday. The stock’s 50-day simple moving average is $8.50 and its 200-day simple moving average is $8.42. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a fifty-two week low of $7.26 and a fifty-two week high of $8.83.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.1003 per share. The ex-dividend date is Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a yield of 13.87%.

RiverNorth/DoubleLine Strategic Opportunity Fund 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.