Private Advisor Group LLC Invests $407,000 in Rivernorth Opportunities Fund Inc (RIV)

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Private Advisor Group LLC acquired a new position in shares of Rivernorth Opportunities Fund Inc (NYSE:RIV) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 19,765 shares of the company’s stock, valued at approximately $407,000. Private Advisor Group LLC owned 19,765.00% of Rivernorth Opportunities Fund at the end of the most recent reporting period.

Separately, Wsfs Capital Management LLC grew its stake in shares of Rivernorth Opportunities Fund by 23.2% during the 1st quarter. Wsfs Capital Management LLC now owns 74,145 shares of the company’s stock worth $1,509,000 after purchasing an additional 13,945 shares during the period.

In related news, insider Rivernorth Capital Management, sold 8,817 shares of Rivernorth Opportunities Fund stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $21.47, for a total value of $189,300.99. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Rivernorth Opportunities Fund stock opened at $19.59 on Friday. Rivernorth Opportunities Fund Inc has a 1 year low of $18.80 and a 1 year high of $21.63.

The business also recently declared a monthly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 17th were paid a $0.21 dividend. The ex-dividend date was Thursday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 12.86%.

About Rivernorth Opportunities Fund

Rivernorth Opportunities Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds and exchange-traded funds (ETFs, and collectively, Underlying Funds).

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Institutional Ownership by Quarter for Rivernorth Opportunities Fund (NYSE:RIV)

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