Virtu Financial LLC Invests $127,000 in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

Virtu Financial LLC acquired a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 15,255 shares of the company’s stock, valued at approximately $127,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 4th quarter worth approximately $1,146,000. Absolute Investment Advisers LLC acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter valued at $1,037,000. Strategic Financial Concepts LLC raised its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 846.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 133,440 shares of the company’s stock valued at $1,113,000 after purchasing an additional 119,340 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 43.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 144,385 shares of the company’s stock valued at $1,204,000 after purchasing an additional 43,666 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the third quarter worth about $278,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Up 0.6 %

OPP stock opened at $8.58 on Monday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a one year low of $8.11 and a one year high of $9.30. The company has a 50 day moving average price of $8.59 and a two-hundred day moving average price of $8.64.

RiverNorth/DoubleLine Strategic Opportunity Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a dividend of $0.095 per share. The ex-dividend date was Wednesday, January 15th. This represents a dividend yield of 13.72%.

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.