18,936 Shares in RIVERNORTH DO/COM (OPP) Acquired by Edge Wealth Management LLC

Edge Wealth Management LLC purchased a new stake in RIVERNORTH DO/COM (NYSE:OPP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,936 shares of the company’s stock, valued at approximately $308,000.

Several other large investors have also recently modified their holdings of OPP. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in shares of RIVERNORTH DO/COM in the 3rd quarter valued at approximately $125,000. Wsfs Capital Management LLC lifted its position in shares of RIVERNORTH DO/COM by 21.6% in the 3rd quarter. Wsfs Capital Management LLC now owns 78,284 shares of the company’s stock valued at $1,327,000 after acquiring an additional 13,901 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of RIVERNORTH DO/COM by 62.9% in the 3rd quarter. Baird Financial Group Inc. now owns 29,667 shares of the company’s stock valued at $514,000 after acquiring an additional 11,452 shares in the last quarter.

Shares of NYSE:OPP opened at $16.91 on Friday. RIVERNORTH DO/COM has a 52 week low of $14.30 and a 52 week high of $18.59.

The company also recently declared a monthly dividend, which will be paid on Thursday, January 31st. Investors of record on Thursday, January 17th will be given a $0.1833 dividend. The ex-dividend date of this dividend is Wednesday, January 16th. This represents a $2.20 annualized dividend and a dividend yield of 13.01%.

In other news, President Patrick W. Galley purchased 7,333 shares of RIVERNORTH DO/COM stock in a transaction that occurred on Thursday, December 20th. The stock was acquired at an average price of $15.33 per share, for a total transaction of $112,414.89. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

TRADEMARK VIOLATION WARNING: This article was first posted by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://dakotafinancialnews.com/2019/01/12/18936-shares-in-rivernorth-do-com-opp-acquired-by-edge-wealth-management-llc.html.


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.

Featured Article: How the Consumer Price Index (CPI) is calculated?

Institutional Ownership by Quarter for RIVERNORTH DO/COM (NYSE:OPP)

Receive News & Ratings for RIVERNORTH DO/COM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RIVERNORTH DO/COM and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply