Rivernorth Capital Management, Sells 4,000 Shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Stock

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) insider Rivernorth Capital Management, sold 4,000 shares of the business’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $17.60, for a total transaction of $70,400.00. Following the completion of the sale, the insider now directly owns 43,705 shares of the company’s stock, valued at approximately $769,208. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Sunday, March 21st, Rivernorth Capital Management, sold 6,279 shares of RiverNorth Opportunities Fund stock. The stock was sold at an average price of $17.36, for a total transaction of $109,003.44.
  • On Wednesday, March 17th, Rivernorth Capital Management, sold 5,000 shares of RiverNorth Opportunities Fund stock. The stock was sold at an average price of $17.68, for a total transaction of $88,400.00.
  • On Monday, March 15th, Rivernorth Capital Management, sold 5,510 shares of RiverNorth Opportunities Fund stock. The stock was sold at an average price of $17.72, for a total transaction of $97,637.20.
  • On Friday, March 12th, Rivernorth Capital Management, sold 5,000 shares of RiverNorth Opportunities Fund stock. The stock was sold at an average price of $17.60, for a total transaction of $88,000.00.
  • On Friday, March 5th, Rivernorth Capital Management, sold 8,500 shares of RiverNorth Opportunities Fund stock. The stock was sold at an average price of $17.02, for a total transaction of $144,670.00.
  • On Wednesday, February 3rd, Rivernorth Capital Management, sold 9,459 shares of RiverNorth Opportunities Fund stock. The stock was sold at an average price of $17.01, for a total transaction of $160,897.59.

RIV opened at $17.63 on Thursday. The company has a 50-day moving average of $17.37 and a 200-day moving average of $15.96. RiverNorth Opportunities Fund, Inc. has a 1-year low of $12.10 and a 1-year high of $17.88.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, June 30th. Investors of record on Wednesday, June 16th will be given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 11.57%. The ex-dividend date is Tuesday, June 15th.

Several large investors have recently made changes to their positions in the stock. Morgan Stanley grew its position in shares of RiverNorth Opportunities Fund by 0.6% during the 4th quarter. Morgan Stanley now owns 800,226 shares of the company’s stock valued at $12,884,000 after buying an additional 4,699 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of RiverNorth Opportunities Fund by 116.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,185 shares of the company’s stock valued at $35,000 after buying an additional 1,175 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of RiverNorth Opportunities Fund by 10.3% during the 4th quarter. Baird Financial Group Inc. now owns 55,038 shares of the company’s stock valued at $886,000 after buying an additional 5,136 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV grew its position in shares of RiverNorth Opportunities Fund by 6.6% during the 4th quarter. Mid Atlantic Financial Management Inc. ADV now owns 51,500 shares of the company’s stock valued at $829,000 after buying an additional 3,200 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its position in shares of RiverNorth Opportunities Fund by 11.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 27,439 shares of the company’s stock valued at $442,000 after buying an additional 2,833 shares during the last quarter.

About RiverNorth Opportunities Fund

RiverNorth Opportunities Fund, Inc was founded in 2015 and is headquartered in Chicago, Illinois.

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

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