Rivernorth Opportunities Fund Inc (RIV) Insider Sells $189,300.99 in Stock

Rivernorth Opportunities Fund Inc (NYSE:RIV) insider Rivernorth Capital Management, sold 8,817 shares of the business’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $21.47, for a total value of $189,300.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Friday, June 8th, Rivernorth Capital Management, sold 7,071 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $21.43, for a total value of $151,531.53.
  • On Monday, June 4th, Rivernorth Capital Management, sold 10,445 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $21.37, for a total value of $223,209.65.
  • On Wednesday, May 30th, Rivernorth Capital Management, sold 12,500 shares of Rivernorth Opportunities Fund stock. The shares were sold at an average price of $21.27, for a total value of $265,875.00.

Shares of Rivernorth Opportunities Fund stock traded down $0.11 on Thursday, hitting $21.44. The stock had a trading volume of 20,605 shares, compared to its average volume of 47,415. Rivernorth Opportunities Fund Inc has a twelve month low of $19.10 and a twelve month high of $21.63.



The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Tuesday, June 19th will be paid a $0.21 dividend. This represents a $2.52 annualized dividend and a dividend yield of 11.75%. The ex-dividend date of this dividend is Monday, June 18th.

Several institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in shares of Rivernorth Opportunities Fund by 30.5% in the fourth quarter. Wells Fargo & Company MN now owns 147,219 shares of the company’s stock valued at $2,947,000 after buying an additional 34,423 shares during the period. UBS Group AG increased its stake in shares of Rivernorth Opportunities Fund by 2.9% in the first quarter. UBS Group AG now owns 126,112 shares of the company’s stock valued at $2,566,000 after buying an additional 3,585 shares during the period. Wsfs Capital Management LLC increased its stake in shares of Rivernorth Opportunities Fund by 23.2% in the first quarter. Wsfs Capital Management LLC now owns 74,145 shares of the company’s stock valued at $1,509,000 after buying an additional 13,945 shares during the period. Raymond James & Associates increased its stake in shares of Rivernorth Opportunities Fund by 24.1% in the fourth quarter. Raymond James & Associates now owns 67,752 shares of the company’s stock valued at $1,356,000 after buying an additional 13,144 shares during the period. Finally, LPL Financial LLC acquired a new position in shares of Rivernorth Opportunities Fund in the fourth quarter valued at approximately $549,000.

Rivernorth Opportunities Fund Company Profile

Rivernorth Opportunities Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds and exchange-traded funds (ETFs, and collectively, Underlying Funds).

Insider Buying and Selling by Quarter for Rivernorth Opportunities Fund (NYSE:RIV)

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