International Assets Investment Management LLC Sells 140,122 Shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. $OPP

International Assets Investment Management LLC trimmed its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 72.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 53,307 shares of the company’s stock after selling 140,122 shares during the period. International Assets Investment Management LLC’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $424,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. PFG Investments LLC increased its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 218.4% in the 4th quarter. PFG Investments LLC now owns 136,424 shares of the company’s stock worth $1,085,000 after buying an additional 93,573 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 136.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 364,018 shares of the company’s stock worth $3,105,000 after buying an additional 210,203 shares in the last quarter. Riverbridge Partners LLC grew its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 262.6% during the 4th quarter. Riverbridge Partners LLC now owns 224,106 shares of the company’s stock valued at $1,782,000 after purchasing an additional 162,298 shares during the period. NewEdge Advisors LLC grew its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 297.9% during the 3rd quarter. NewEdge Advisors LLC now owns 182,225 shares of the company’s stock valued at $1,554,000 after purchasing an additional 136,425 shares during the period. Finally, Verity Asset Management Inc. grew its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 29.2% during the 3rd quarter. Verity Asset Management Inc. now owns 79,104 shares of the company’s stock valued at $675,000 after purchasing an additional 17,895 shares during the period.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

RiverNorth/DoubleLine Strategic Opportunity Fund stock opened at $7.85 on Tuesday. The business has a 50-day simple moving average of $7.74 and a two-hundred day simple moving average of $7.88. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 52-week low of $7.49 and a 52-week high of $8.82.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.091 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date is Monday, June 15th.

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. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc was formed on December 30, 2010 and is domiciled in the United States.