Yakira Capital Management Inc. Invests $752,000 in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. $OPP

Yakira Capital Management Inc. acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 94,588 shares of the company’s stock, valued at approximately $752,000.

Several other large investors have also modified their holdings of OPP. Wells Fargo & Company MN boosted its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 23.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,325,507 shares of the company’s stock worth $10,538,000 after acquiring an additional 252,749 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 136.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 364,018 shares of the company’s stock worth $3,105,000 after acquiring an additional 210,203 shares in the last quarter. Riverbridge Partners LLC boosted 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 worth $1,782,000 after acquiring an additional 162,298 shares in the last quarter. NewEdge Advisors LLC boosted 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 worth $1,554,000 after acquiring an additional 136,425 shares in the last quarter. Finally, PFG Investments LLC boosted its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 218.4% during the 4th quarter. PFG Investments LLC now owns 136,424 shares of the company’s stock worth $1,085,000 after acquiring an additional 93,573 shares in the last quarter.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

OPP opened at $7.64 on Monday. The business has a fifty day simple moving average of $7.72 and a 200-day simple moving average of $7.80. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a fifty-two week low of $7.49 and a fifty-two week high of $8.82.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.091 dividend. This represents a c) annualized dividend and a dividend yield of 14.3%. The ex-dividend date of this dividend is Monday, June 15th.

RiverNorth/DoubleLine Strategic Opportunity Fund 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.