Stifel Financial Corp Sells 83,222 Shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

Stifel Financial Corp cut its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 51.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,961 shares of the company’s stock after selling 83,222 shares during the period. Stifel Financial Corp’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $1,131,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter worth $52,000. RWM Asset Management LLC acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter worth $59,000. B. Riley Wealth Management Inc. acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter worth $179,000. Wagner Wealth Management LLC acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter worth $291,000. Finally, Citigroup Inc. increased its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 808.5% during the fourth quarter. Citigroup Inc. now owns 26,655 shares of the company’s stock worth $382,000 after buying an additional 23,721 shares in the last quarter.

Shares of NYSE:OPP opened at $15.27 on Thursday. The company has a fifty day moving average of $14.90 and a 200-day moving average of $14.52. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 52-week low of $12.15 and a 52-week high of $15.35.

The business also recently declared a monthly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Wednesday, June 16th will be issued a dividend of $0.1586 per share. The ex-dividend date is Tuesday, June 15th. This represents a $1.90 annualized dividend and a dividend yield of 12.46%.

RiverNorth/DoubleLine Strategic Opportunity Fund Company Profile

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.

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Institutional Ownership by Quarter for RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE:OPP)

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