Private Advisor Group LLC Decreases Stock Holdings in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Private Advisor Group LLC lessened its holdings in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 20.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,422 shares of the company’s stock after selling 6,851 shares during the period. Private Advisor Group LLC’s holdings in RiverNorth Opportunities Fund were worth $341,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in RiverNorth Opportunities Fund during the third quarter worth approximately $568,000. Nations Financial Group Inc. IA ADV boosted its stake in RiverNorth Opportunities Fund by 1.4% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 89,676 shares of the company’s stock valued at $1,099,000 after acquiring an additional 1,226 shares during the last quarter. Calamos Advisors LLC raised its holdings in shares of RiverNorth Opportunities Fund by 27.6% during the second quarter. Calamos Advisors LLC now owns 30,271 shares of the company’s stock worth $371,000 after purchasing an additional 6,549 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of RiverNorth Opportunities Fund by 4.3% during the first quarter. Oppenheimer & Co. Inc. now owns 41,975 shares of the company’s stock worth $505,000 after purchasing an additional 1,743 shares during the period. Finally, SeaCrest Wealth Management LLC raised its holdings in shares of RiverNorth Opportunities Fund by 8.3% during the third quarter. SeaCrest Wealth Management LLC now owns 22,478 shares of the company’s stock worth $290,000 after purchasing an additional 1,725 shares during the period.

RiverNorth Opportunities Fund Price Performance

Shares of NYSE:RIV opened at $12.48 on Thursday. RiverNorth Opportunities Fund, Inc. has a 1-year low of $10.29 and a 1-year high of $12.96. The company’s fifty day moving average is $12.60 and its two-hundred day moving average is $12.31.

RiverNorth Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.1289 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.55 annualized dividend and a yield of 12.39%.

About RiverNorth Opportunities Fund

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.