Centaurus Financial Inc. Makes New Investment in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

Centaurus Financial Inc. acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 13,050 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada boosted its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 21.7% during the 1st quarter. Royal Bank of Canada now owns 134,944 shares of the company’s stock worth $2,038,000 after acquiring an additional 24,077 shares during the period. UBS Group AG raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 9.5% during the 1st quarter. UBS Group AG now owns 337,130 shares of the company’s stock worth $5,091,000 after purchasing an additional 29,194 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 48.5% during the 2nd quarter. Advisor Group Holdings Inc. now owns 46,666 shares of the company’s stock worth $742,000 after purchasing an additional 15,232 shares in the last quarter. Hilltop Holdings Inc. raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 94.0% during the 1st quarter. Hilltop Holdings Inc. now owns 33,017 shares of the company’s stock worth $499,000 after purchasing an additional 16,000 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 1.4% during the 1st quarter. Baird Financial Group Inc. now owns 69,947 shares of the company’s stock worth $1,056,000 after purchasing an additional 964 shares in the last quarter.

OPP opened at $14.96 on Friday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a fifty-two week low of $12.92 and a fifty-two week high of $16.36. The business has a 50-day moving average of $15.76 and a 200-day moving average of $15.48.

The company also recently declared a monthly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Thursday, September 16th will be paid a dividend of $0.1586 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 12.72%. The ex-dividend date of this dividend is Wednesday, September 15th.

About RiverNorth/DoubleLine Strategic Opportunity Fund

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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