10,068 Shares in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Purchased by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,068 shares of the company’s stock, valued at approximately $84,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stifel Financial Corp grew its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 26.8% during the 3rd quarter. Stifel Financial Corp now owns 27,503 shares of the company’s stock valued at $250,000 after acquiring an additional 5,807 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 3rd quarter valued at approximately $97,000. Wilmington Savings Fund Society FSB purchased a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund in the third quarter valued at approximately $278,000. SeaCrest Wealth Management LLC lifted its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 19.3% during the 4th quarter. SeaCrest Wealth Management LLC now owns 64,038 shares of the company’s stock worth $534,000 after acquiring an additional 10,361 shares in the last quarter. Finally, PFG Investments LLC lifted its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 4.7% during the fourth quarter. PFG Investments LLC now owns 38,962 shares of the company’s stock worth $325,000 after purchasing an additional 1,753 shares in the last quarter.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

OPP opened at $8.58 on Friday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 12 month low of $8.11 and a 12 month high of $9.30. The business has a fifty day moving average price of $8.59 and a 200 day moving average price of $8.64.

RiverNorth/DoubleLine Strategic Opportunity Fund Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a dividend yield of 13.72%.

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.