Advisor OS LLC Purchases Shares of 51,796 RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Advisor OS LLC purchased a new stake in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 51,796 shares of the company’s stock, valued at approximately $595,000.

A number of other hedge funds also recently made changes to their positions in the stock. SeaCrest Wealth Management LLC grew its holdings in RiverNorth Opportunities Fund by 7.2% during the 4th quarter. SeaCrest Wealth Management LLC now owns 24,086 shares of the company’s stock worth $277,000 after acquiring an additional 1,608 shares during the period. Strategic Financial Concepts LLC grew its stake in RiverNorth Opportunities Fund by 10.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 16,600 shares of the company’s stock worth $191,000 after purchasing an additional 1,600 shares during the period. Principal Securities Inc. increased its holdings in RiverNorth Opportunities Fund by 6.6% in the fourth quarter. Principal Securities Inc. now owns 165,714 shares of the company’s stock worth $1,904,000 after purchasing an additional 10,247 shares in the last quarter. Penserra Capital Management LLC acquired a new position in RiverNorth Opportunities Fund in the third quarter valued at approximately $7,864,000. Finally, Sheaff Brock Investment Advisors LLC boosted its holdings in shares of RiverNorth Opportunities Fund by 25.8% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 42,780 shares of the company’s stock worth $492,000 after buying an additional 8,780 shares in the last quarter.

RiverNorth Opportunities Fund Price Performance

Shares of NYSE RIV opened at $12.23 on Thursday. The company’s fifty day simple moving average is $12.05 and its 200 day simple moving average is $12.36. RiverNorth Opportunities Fund, Inc. has a 12-month low of $11.20 and a 12-month high of $12.96.

RiverNorth Opportunities Fund Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a dividend of $0.1277 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a yield of 12.64%.

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.