Stifel Financial Corp Invests $238,000 in Rivernorth Opportunities Fund Inc (RIV)

Stifel Financial Corp purchased a new stake in shares of Rivernorth Opportunities Fund Inc (NYSE:RIV) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,700 shares of the company’s stock, valued at approximately $238,000.

Several other institutional investors also recently bought and sold shares of RIV. Advisor Group Inc. raised its stake in shares of Rivernorth Opportunities Fund by 50.0% during the fourth quarter. Advisor Group Inc. now owns 3,000 shares of the company’s stock valued at $49,000 after acquiring an additional 1,000 shares in the last quarter. Edge Wealth Management LLC bought a new position in Rivernorth Opportunities Fund in the fourth quarter worth approximately $402,000. Finally, Raymond James & Associates raised its stake in Rivernorth Opportunities Fund by 31.5% in the fourth quarter. Raymond James & Associates now owns 76,882 shares of the company’s stock worth $1,249,000 after buying an additional 18,417 shares in the last quarter.

Shares of NYSE:RIV opened at $17.01 on Friday. Rivernorth Opportunities Fund Inc has a 52 week low of $14.20 and a 52 week high of $21.63.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 11.99%. The ex-dividend date of this dividend is Thursday, June 13th.

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Rivernorth Opportunities Fund Company Profile

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Institutional Ownership by Quarter for Rivernorth Opportunities Fund (NYSE:RIV)

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