International Assets Investment Management LLC Purchases Shares of 169,599 RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. $OPP

International Assets Investment Management LLC purchased a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) during the second quarter, according to its most recent filing with the SEC. The fund purchased 169,599 shares of the company’s stock, valued at approximately $1,440,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Riverbridge Partners LLC increased its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 3.5% in the 2nd quarter. Riverbridge Partners LLC now owns 92,156 shares of the company’s stock valued at $788,000 after acquiring an additional 3,108 shares during the last quarter. Powell Investment Advisors LLC increased its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 17.9% in the 1st quarter. Powell Investment Advisors LLC now owns 20,581 shares of the company’s stock valued at $177,000 after acquiring an additional 3,129 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 921.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,525 shares of the company’s stock valued at $30,000 after acquiring an additional 3,180 shares during the last quarter. Verity Asset Management Inc. increased its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 21.4% in the 1st quarter. Verity Asset Management Inc. now owns 56,741 shares of the company’s stock worth $487,000 after buying an additional 9,993 shares during the last quarter. Finally, Post Resch Tallon Group Inc. bought a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 1st quarter worth about $129,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

RiverNorth/DoubleLine Strategic Opportunity Fund stock opened at $8.30 on Monday. The company’s 50-day moving average price is $8.59 and its 200-day moving average price is $8.47. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a twelve month low of $7.91 and a twelve month high of $8.95.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.095 dividend. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 13.7%.

RiverNorth/DoubleLine Strategic Opportunity Fund 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.