Truist Financial Corp Makes New Investment in Special Opportunities Fund, Inc. (NYSE:SPE)

Truist Financial Corp bought a new stake in shares of Special Opportunities Fund, Inc. (NYSE:SPE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,439 shares of the closed-end fund’s stock, valued at approximately $328,000. Truist Financial Corp owned 0.20% of Special Opportunities Fund at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Shaker Financial Services LLC boosted its position in shares of Special Opportunities Fund by 8.0% during the third quarter. Shaker Financial Services LLC now owns 63,636 shares of the closed-end fund’s stock valued at $885,000 after buying an additional 4,713 shares during the period. Landscape Capital Management L.L.C. boosted its holdings in shares of Special Opportunities Fund by 22.6% in the third quarter. Landscape Capital Management L.L.C. now owns 14,755 shares of the closed-end fund’s stock valued at $205,000 after purchasing an additional 2,723 shares during the period. Aspiriant LLC purchased a new stake in shares of Special Opportunities Fund in the fourth quarter valued at approximately $194,000. Finally, Absolute Investment Advisers LLC purchased a new stake in shares of Special Opportunities Fund in the fourth quarter valued at approximately $154,000. Hedge funds and other institutional investors own 35.60% of the company’s stock.

Special Opportunities Fund Stock Performance

Special Opportunities Fund stock opened at $15.26 on Wednesday. The business has a fifty day moving average of $15.19 and a two-hundred day moving average of $14.69. Special Opportunities Fund, Inc. has a twelve month low of $12.00 and a twelve month high of $15.87.

Special Opportunities Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a $0.1098 dividend. This represents a dividend yield of 8.76%. The ex-dividend date was Tuesday, January 21st.

About Special Opportunities Fund

Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.