RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Shares Purchased by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV raised its holdings in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 27.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,450 shares of the company’s stock after purchasing an additional 18,932 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in RiverNorth Opportunities Fund were worth $972,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in RIV. Janney Montgomery Scott LLC raised its holdings in RiverNorth Opportunities Fund by 0.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 268,295 shares of the company’s stock valued at $2,949,000 after acquiring an additional 886 shares in the last quarter. Principal Securities Inc. bought a new position in shares of RiverNorth Opportunities Fund during the fourth quarter worth about $1,264,000. Tennessee Valley Asset Management Partners grew its stake in RiverNorth Opportunities Fund by 37.4% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 95,497 shares of the company’s stock worth $1,050,000 after purchasing an additional 25,996 shares in the last quarter. AEGON USA Investment Management LLC increased its holdings in RiverNorth Opportunities Fund by 43.6% in the fourth quarter. AEGON USA Investment Management LLC now owns 50,165 shares of the company’s stock valued at $551,000 after buying an additional 15,229 shares during the last quarter. Finally, Raymond James & Associates raised its stake in RiverNorth Opportunities Fund by 39.3% during the fourth quarter. Raymond James & Associates now owns 44,336 shares of the company’s stock valued at $487,000 after buying an additional 12,516 shares in the last quarter.

RiverNorth Opportunities Fund Trading Up 1.0 %

NYSE:RIV traded up $0.12 during trading hours on Friday, reaching $12.15. 34,087 shares of the stock were exchanged, compared to its average volume of 77,564. The firm has a 50 day simple moving average of $11.88 and a 200-day simple moving average of $11.45. RiverNorth Opportunities Fund, Inc. has a 52 week low of $9.63 and a 52 week high of $12.43.

RiverNorth Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.1289 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 12.73%. The ex-dividend date of this dividend is Friday, June 14th.

RiverNorth Opportunities Fund Company Profile

RiverNorth Opportunities Fund, Inc is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc was formed on December 24, 2015 and is domiciled in the United States.