1607 Capital Partners LLC Has $1.46 Million Stake in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

1607 Capital Partners LLC grew its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 52.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 174,450 shares of the company’s stock after buying an additional 59,900 shares during the period. 1607 Capital Partners LLC’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $1,455,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Walleye Capital LLC bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter valued at about $372,000. Raymond James Financial Inc. bought a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter valued at approximately $1,146,000. Yakira Capital Management Inc. acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the fourth quarter valued at $571,000. Wells Fargo & Company MN raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 50.7% in the fourth quarter. Wells Fargo & Company MN now owns 215,438 shares of the company’s stock valued at $1,797,000 after purchasing an additional 72,462 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the fourth quarter worth $106,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

Shares of RiverNorth/DoubleLine Strategic Opportunity Fund stock opened at $8.21 on Wednesday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 52-week low of $7.91 and a 52-week high of $9.30. The company’s fifty day moving average price is $8.55 and its two-hundred day moving average price is $8.57.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.095 dividend. The ex-dividend date is Tuesday, April 15th. This represents a yield of 14.04%.

About RiverNorth/DoubleLine Strategic Opportunity Fund

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.