SeaCrest Wealth Management LLC boosted its position in shares of Rivernorth Opportunities Fund Inc (NYSE:RIV) by 49.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,000 shares of the company’s stock after buying an additional 8,875 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Rivernorth Opportunities Fund were worth $441,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Wedbush Securities Inc. boosted its stake in Rivernorth Opportunities Fund by 12.6% during the fourth quarter. Wedbush Securities Inc. now owns 16,419 shares of the company’s stock valued at $268,000 after buying an additional 1,840 shares in the last quarter. Royal Bank of Canada boosted its stake in Rivernorth Opportunities Fund by 1.3% during the second quarter. Royal Bank of Canada now owns 103,114 shares of the company’s stock valued at $1,757,000 after buying an additional 1,307 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Rivernorth Opportunities Fund by 19.6% during the second quarter. Bank of America Corp DE now owns 34,073 shares of the company’s stock valued at $581,000 after buying an additional 5,590 shares in the last quarter.
In related news, Portfolio Manager Stephen Andrew O’neill purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average price of $16.26 per share, with a total value of $81,300.00. Also, Director Patrick W. Galley purchased 33,168 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was bought at an average cost of $16.26 per share, for a total transaction of $539,311.68. Insiders have purchased 38,597 shares of company stock valued at $627,561 in the last ninety days.
The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, March 16th. This represents a $2.16 annualized dividend and a yield of 12.69%.
Rivernorth Opportunities Fund Company Profile
There is no company description available for RiverNorth Opportunities.
Recommended Story: Range Trading
Receive News & Ratings for Rivernorth Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rivernorth Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.