Global Retirement Partners LLC Buys New Stake in Special Opportunities Fund, Inc. (NYSE:SPE)

Global Retirement Partners LLC purchased a new stake in shares of Special Opportunities Fund, Inc. (NYSE:SPE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,103 shares of the closed-end fund’s stock, valued at approximately $45,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Aspiriant LLC acquired a new stake in Special Opportunities Fund in the 4th quarter worth $194,000. Landscape Capital Management L.L.C. raised its position in Special Opportunities Fund by 22.6% in the third quarter. Landscape Capital Management L.L.C. now owns 14,755 shares of the closed-end fund’s stock worth $205,000 after purchasing an additional 2,723 shares in the last quarter. Shaker Financial Services LLC raised its holdings in shares of Special Opportunities Fund by 8.0% in the 3rd quarter. Shaker Financial Services LLC now owns 63,636 shares of the closed-end fund’s stock worth $885,000 after buying an additional 4,713 shares in the last quarter. Absolute Investment Advisers LLC bought a new stake in Special Opportunities Fund in the fourth quarter valued at $154,000. Finally, Truist Financial Corp acquired a new position in Special Opportunities Fund during the fourth quarter worth $328,000. Institutional investors own 35.60% of the company’s stock.

Special Opportunities Fund Price Performance

Shares of SPE stock opened at $15.25 on Friday. Special Opportunities Fund, Inc. has a 12-month low of $12.00 and a 12-month high of $15.87. The firm has a 50-day moving average price of $15.17 and a 200 day moving average price of $14.65.

Special Opportunities Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a dividend of $0.1098 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a yield of 8.76%.

Special Opportunities Fund Company Profile

Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.