RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Holdings Lowered by Private Advisor Group LLC

Private Advisor Group LLC trimmed its stake in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 20.6% during the third quarter, Holdings Channel reports. The institutional investor owned 26,422 shares of the company’s stock after selling 6,851 shares during the period. Private Advisor Group LLC’s holdings in RiverNorth Opportunities Fund were worth $341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RIV. SeaCrest Wealth Management LLC grew its stake in shares of RiverNorth Opportunities Fund by 8.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 22,478 shares of the company’s stock worth $290,000 after purchasing an additional 1,725 shares during the last quarter. Calamos Advisors LLC grew its stake in shares of RiverNorth Opportunities Fund by 27.6% in the 2nd quarter. Calamos Advisors LLC now owns 30,271 shares of the company’s stock worth $371,000 after purchasing an additional 6,549 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of RiverNorth Opportunities Fund by 4.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 41,975 shares of the company’s stock worth $505,000 after purchasing an additional 1,743 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of RiverNorth Opportunities Fund in the 3rd quarter worth approximately $568,000. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of RiverNorth Opportunities Fund by 1.4% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 89,676 shares of the company’s stock worth $1,099,000 after purchasing an additional 1,226 shares during the last quarter.

RiverNorth Opportunities Fund Price Performance

RiverNorth Opportunities Fund stock opened at $12.48 on Thursday. The firm’s 50 day simple moving average is $12.60 and its 200-day simple moving average is $12.31. RiverNorth Opportunities Fund, Inc. has a fifty-two week low of $10.29 and a fifty-two week high of $12.96.

RiverNorth Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.1289 dividend. This represents a $1.55 annualized dividend and a dividend yield of 12.39%. The ex-dividend date of this dividend is Friday, December 13th.

RiverNorth Opportunities Fund Profile

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.