Wilmington Savings Fund Society FSB Acquires New Holdings in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

Wilmington Savings Fund Society FSB acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 30,592 shares of the company’s stock, valued at approximately $278,000.

A number of other institutional investors have also recently bought and sold shares of OPP. J.W. Cole Advisors Inc. grew its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 143.4% during the third quarter. J.W. Cole Advisors Inc. now owns 100,719 shares of the company’s stock valued at $914,000 after purchasing an additional 59,337 shares during the period. Prime Capital Investment Advisors LLC bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the third quarter valued at approximately $523,000. Shaker Financial Services LLC lifted its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 46.2% in the third quarter. Shaker Financial Services LLC now owns 114,248 shares of the company’s stock valued at $1,037,000 after buying an additional 36,120 shares in the last quarter. CoreCap Advisors LLC bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the second quarter valued at approximately $301,000. Finally, PFG Investments LLC lifted its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 48.1% in the second quarter. PFG Investments LLC now owns 82,966 shares of the company’s stock valued at $718,000 after buying an additional 26,946 shares in the last quarter.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Down 1.0 %

Shares of OPP opened at $8.32 on Wednesday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a twelve month low of $8.11 and a twelve month high of $9.30. The firm’s 50 day moving average price is $8.64 and its two-hundred day moving average price is $8.78.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.1003 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 14.47%. The ex-dividend date is Friday, December 13th.

RiverNorth/DoubleLine Strategic Opportunity Fund Company 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.