44,000 Shares in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new position in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 44,000 shares of the company’s stock, valued at approximately $568,000.

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC boosted its stake in shares of RiverNorth Opportunities Fund by 6.9% in the first quarter. Private Advisor Group LLC now owns 31,450 shares of the company’s stock worth $379,000 after buying an additional 2,034 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in RiverNorth Opportunities Fund by 4.3% in the first quarter. Oppenheimer & Co. Inc. now owns 41,975 shares of the company’s stock worth $505,000 after acquiring an additional 1,743 shares during the period. Tennessee Valley Asset Management Partners grew its position in RiverNorth Opportunities Fund by 1.5% in the second quarter. Tennessee Valley Asset Management Partners now owns 97,202 shares of the company’s stock worth $1,191,000 after acquiring an additional 1,402 shares during the period. Calamos Advisors LLC grew its position in RiverNorth Opportunities Fund by 27.6% in the second quarter. Calamos Advisors LLC now owns 30,271 shares of the company’s stock worth $371,000 after acquiring an additional 6,549 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its position in shares of RiverNorth Opportunities Fund by 1.4% during the second quarter. Nations Financial Group Inc. IA ADV now owns 89,676 shares of the company’s stock worth $1,099,000 after buying an additional 1,226 shares during the period.

RiverNorth Opportunities Fund Stock Performance

RIV opened at $12.57 on Friday. RiverNorth Opportunities Fund, Inc. has a 52 week low of $9.65 and a 52 week high of $12.96. The business has a fifty day simple moving average of $12.56 and a 200-day simple moving average of $12.26.

RiverNorth Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.1289 dividend. This represents a $1.55 annualized dividend and a dividend yield of 12.30%. The ex-dividend date is Friday, December 13th.

About RiverNorth Opportunities Fund

RiverNorth Opportunities Fund, Inc is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc was formed on December 24, 2015 and is domiciled in the United States.