SeaCrest Wealth Management LLC Decreases Holdings in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

SeaCrest Wealth Management LLC cut its holdings in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 5.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 20,753 shares of the company’s stock after selling 1,222 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in RiverNorth Opportunities Fund were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in RIV. Principal Securities Inc. bought a new position in shares of RiverNorth Opportunities Fund in the fourth quarter worth approximately $1,264,000. Quarry LP bought a new position in shares of RiverNorth Opportunities Fund in the fourth quarter worth approximately $645,000. BlackDiamond Wealth Management LLC bought a new position in shares of RiverNorth Opportunities Fund in the fourth quarter worth approximately $337,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of RiverNorth Opportunities Fund in the fourth quarter worth approximately $272,000. Finally, Wolverine Asset Management LLC bought a new stake in RiverNorth Opportunities Fund in the fourth quarter valued at $270,000.

RiverNorth Opportunities Fund Stock Performance

NYSE:RIV traded up $0.02 during trading hours on Tuesday, hitting $12.17. The company had a trading volume of 63,500 shares, compared to its average volume of 85,144. The stock has a 50-day moving average price of $12.23 and a 200 day moving average price of $12.00. RiverNorth Opportunities Fund, Inc. has a 52 week low of $9.63 and a 52 week high of $12.53.

RiverNorth Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.1289 dividend. This represents a $1.55 annualized dividend and a yield of 12.71%. The ex-dividend date is Friday, September 13th.

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.