RiverNorth Opportunities Fund, Inc. $RIV Shares Sold by Allworth Financial LP

Allworth Financial LP lowered its position in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 47.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,793 shares of the company’s stock after selling 46,442 shares during the quarter. Allworth Financial LP’s holdings in RiverNorth Opportunities Fund were worth $608,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Absolute Investment Advisers LLC acquired a new position in RiverNorth Opportunities Fund in the 4th quarter worth $4,559,000. Penserra Capital Management LLC lifted its holdings in RiverNorth Opportunities Fund by 2.5% in the 3rd quarter. Penserra Capital Management LLC now owns 603,150 shares of the company’s stock worth $7,237,000 after buying an additional 14,754 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in RiverNorth Opportunities Fund by 2.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 51,569 shares of the company’s stock worth $605,000 after buying an additional 1,304 shares in the last quarter. Quarry LP acquired a new position in RiverNorth Opportunities Fund in the 3rd quarter worth $936,000. Finally, Royal Bank of Canada lifted its holdings in RiverNorth Opportunities Fund by 25.2% in the 1st quarter. Royal Bank of Canada now owns 199,111 shares of the company’s stock worth $2,348,000 after buying an additional 40,031 shares in the last quarter.

RiverNorth Opportunities Fund Stock Performance

Shares of RiverNorth Opportunities Fund stock opened at $11.27 on Wednesday. RiverNorth Opportunities Fund, Inc. has a 1 year low of $10.93 and a 1 year high of $12.56. The firm’s 50-day simple moving average is $11.46 and its 200-day simple moving average is $11.67.

RiverNorth Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.1306 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 13.9%.

About RiverNorth Opportunities Fund

RiverNorth Opportunities Fund (NYSE:RIV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. Listed on the New York Stock Exchange, the fund employs an unconstrained, actively managed approach to investing across a broad array of convertible and derivative securities.

The fund’s primary investments include convertible bonds, convertible preferred stocks, synthetic convertible instruments (such as caps, floors and spreads), and related derivative instruments.