Rivernorth Capital Management, Sells 7,720 Shares of Rivernorth Opportunities Fund Inc (NYSE:RIV) Stock

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Rivernorth Opportunities Fund Inc (NYSE:RIV) insider Rivernorth Capital Management, sold 7,720 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $16.97, for a total transaction of $131,008.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Rivernorth Capital Management, also recently made the following trade(s):

  • On Thursday, June 6th, Rivernorth Capital Management, sold 5,471 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $16.91, for a total transaction of $92,514.61.
  • On Monday, May 6th, Rivernorth Capital Management, sold 5,500 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $17.22, for a total transaction of $94,710.00.
  • On Thursday, May 2nd, Rivernorth Capital Management, sold 5,500 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $17.06, for a total transaction of $93,830.00.

RIV traded down $0.08 during trading hours on Monday, hitting $16.93. 100 shares of the company’s stock were exchanged, compared to its average volume of 37,082. Rivernorth Opportunities Fund Inc has a 12-month low of $14.20 and a 12-month high of $21.54. The stock’s 50 day moving average price is $16.93.

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 12.05%. The ex-dividend date of this dividend is Thursday, June 13th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. increased its stake in Rivernorth Opportunities Fund by 50.0% during the 4th quarter. Advisor Group Inc. now owns 3,000 shares of the company’s stock worth $49,000 after buying an additional 1,000 shares during the period. Bank of America Corp DE increased its stake in Rivernorth Opportunities Fund by 17.1% during the 4th quarter. Bank of America Corp DE now owns 33,080 shares of the company’s stock worth $538,000 after buying an additional 4,841 shares during the period. Mid Atlantic Financial Management Inc. ADV purchased a new stake in Rivernorth Opportunities Fund during the 1st quarter worth approximately $201,000. Stifel Financial Corp purchased a new stake in Rivernorth Opportunities Fund during the 4th quarter worth approximately $238,000. Finally, Raymond James & Associates increased its position in shares of Rivernorth Opportunities Fund by 31.5% in the 4th quarter. Raymond James & Associates now owns 76,882 shares of the company’s stock valued at $1,249,000 after purchasing an additional 18,417 shares during the last quarter.

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About Rivernorth Opportunities Fund

There is no company description available for RiverNorth Opportunities.

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