17,452 Shares in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Acquired by Powell Investment Advisors LLC

Powell Investment Advisors LLC bought a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,452 shares of the company’s stock, valued at approximately $146,000.

Several other hedge funds have also recently added to or reduced their stakes in OPP. SeaCrest Wealth Management LLC boosted its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 9.6% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 53,677 shares of the company’s stock valued at $487,000 after purchasing an additional 4,694 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 143.4% during the 3rd 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 period. Shaker Financial Services LLC raised its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 46.2% in the 3rd quarter. Shaker Financial Services LLC now owns 114,248 shares of the company’s stock worth $1,037,000 after acquiring an additional 36,120 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 3rd quarter worth about $523,000. Finally, Stifel Financial Corp lifted its stake in shares of 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 valued at $250,000 after purchasing an additional 5,807 shares during the period.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Down 0.2 %

NYSE OPP opened at $8.59 on Monday. The business has a 50 day simple moving average of $8.43 and a 200 day simple moving average of $8.71. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a one year low of $8.11 and a one year high of $9.30.

RiverNorth/DoubleLine Strategic Opportunity Fund Cuts Dividend

The business 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. This represents a dividend yield of 13.72%. The ex-dividend date was Wednesday, January 15th.

RiverNorth/DoubleLine Strategic Opportunity Fund 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.