RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Shares Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC lifted its position in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 846.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,440 shares of the company’s stock after acquiring an additional 119,340 shares during the period. Strategic Financial Concepts LLC’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC boosted its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 9.6% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 53,677 shares of the company’s stock worth $487,000 after purchasing an additional 4,694 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 143.4% during the third quarter. J.W. Cole Advisors Inc. now owns 100,719 shares of the company’s stock worth $914,000 after acquiring an additional 59,337 shares during the last quarter. Shaker Financial Services LLC grew its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 46.2% during the 3rd quarter. Shaker Financial Services LLC now owns 114,248 shares of the company’s stock valued at $1,037,000 after acquiring an additional 36,120 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund in the 3rd quarter valued at about $523,000. Finally, Stifel Financial Corp lifted its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 26.8% in the 3rd quarter. Stifel Financial Corp now owns 27,503 shares of the company’s stock worth $250,000 after purchasing an additional 5,807 shares in the last quarter.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

Shares of RiverNorth/DoubleLine Strategic Opportunity Fund stock opened at $8.66 on Wednesday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 1-year low of $8.11 and a 1-year high of $9.30. The stock’s 50 day simple moving average is $8.43 and its 200-day simple moving average is $8.71.

RiverNorth/DoubleLine Strategic Opportunity Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a $0.095 dividend. This represents a yield of 13.72%. The ex-dividend date was Wednesday, January 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.