Penserra Capital Management LLC Purchases New Position in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Penserra Capital Management LLC acquired a new position in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 608,675 shares of the company’s stock, valued at approximately $7,864,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RIV. GHP Investment Advisors Inc. bought a new stake in RiverNorth Opportunities Fund in the third quarter worth approximately $27,000. SeaCrest Wealth Management LLC boosted its holdings in RiverNorth Opportunities Fund by 8.3% in the third quarter. SeaCrest Wealth Management LLC now owns 22,478 shares of the company’s stock worth $290,000 after purchasing an additional 1,725 shares in the last quarter. Calamos Advisors LLC increased its position in RiverNorth Opportunities Fund by 27.6% during the second quarter. Calamos Advisors LLC now owns 30,271 shares of the company’s stock worth $371,000 after buying an additional 6,549 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in RiverNorth Opportunities Fund during the third quarter valued at about $568,000. Finally, Nations Financial Group Inc. IA ADV raised its holdings in RiverNorth Opportunities Fund by 1.4% during the second quarter. Nations Financial Group Inc. IA ADV now owns 89,676 shares of the company’s stock valued at $1,099,000 after buying an additional 1,226 shares in the last quarter.

RiverNorth Opportunities Fund Trading Down 1.0 %

RIV opened at $12.35 on Monday. The stock has a 50-day moving average of $12.62 and a 200-day moving average of $12.37. RiverNorth Opportunities Fund, Inc. has a 52-week low of $10.46 and a 52-week high of $12.96.

RiverNorth Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.1289 per share. The ex-dividend date is Friday, December 13th. This represents a $1.55 dividend on an annualized basis and a yield of 12.52%.

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.