Independent Advisor Alliance Takes $1.38 Million Position in Special Opportunities Fund, Inc. (NYSE:SPE)

Independent Advisor Alliance purchased a new position in Special Opportunities Fund, Inc. (NYSE:SPE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 94,349 shares of the closed-end fund’s stock, valued at approximately $1,380,000. Independent Advisor Alliance owned about 0.84% of Special Opportunities Fund at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new stake in shares of Special Opportunities Fund in the 4th quarter worth about $45,000. Absolute Investment Advisers LLC acquired a new position in Special Opportunities Fund in the fourth quarter worth about $154,000. Aspiriant LLC bought a new stake in Special Opportunities Fund in the fourth quarter valued at about $194,000. Landscape Capital Management L.L.C. increased its holdings in shares of Special Opportunities Fund by 22.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 14,755 shares of the closed-end fund’s stock valued at $205,000 after acquiring an additional 2,723 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Special Opportunities Fund by 41.7% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,542 shares of the closed-end fund’s stock valued at $227,000 after acquiring an additional 4,570 shares in the last quarter. 35.60% of the stock is owned by institutional investors and hedge funds.

Special Opportunities Fund Stock Performance

Shares of SPE opened at $15.05 on Friday. The business’s fifty day moving average price is $15.25 and its 200 day moving average price is $14.75. Special Opportunities Fund, Inc. has a 12-month low of $12.00 and a 12-month high of $15.87.

Special Opportunities Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a $0.1098 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a dividend yield of 8.76%.

About Special Opportunities Fund

Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.