ACG Wealth cut its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 54.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,501 shares of the company’s stock after selling 76,387 shares during the quarter. ACG Wealth owned 0.60% of RiverNorth/DoubleLine Strategic Opportunity Fund worth $1,167,000 at the end of the most recent quarter.
Separately, Moloney Securities Asset Management LLC boosted its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 74.9% during the fourth quarter. Moloney Securities Asset Management LLC now owns 72,760 shares of the company’s stock worth $1,337,000 after buying an additional 31,158 shares during the period.
In other RiverNorth/DoubleLine Strategic Opportunity Fund news, insider Stephen Andrew O’neill bought 2,500 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was acquired at an average cost of $18.40 per share, for a total transaction of $46,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
The firm also recently announced a monthly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.80 annualized dividend and a dividend yield of 10.05%.
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