Rivernorth Opportunities Fund Inc (RIV) Insider Rivernorth Capital Management, Sells 8,817 Shares

Rivernorth Opportunities Fund Inc (NYSE:RIV) insider Rivernorth Capital Management, sold 8,817 shares of Rivernorth Opportunities Fund stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $21.47, for a total transaction of $189,300.99. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Rivernorth Capital Management, also recently made the following trade(s):

  • On Friday, June 8th, Rivernorth Capital Management, sold 7,071 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $21.43, for a total transaction of $151,531.53.
  • On Monday, June 4th, Rivernorth Capital Management, sold 10,445 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $21.37, for a total transaction of $223,209.65.
  • On Wednesday, May 30th, Rivernorth Capital Management, sold 12,500 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $21.27, for a total transaction of $265,875.00.

Rivernorth Opportunities Fund stock traded down $0.11 during midday trading on Thursday, hitting $21.44. 20,605 shares of the stock were exchanged, compared to its average volume of 47,415. Rivernorth Opportunities Fund Inc has a 52 week low of $19.10 and a 52 week high of $21.63.

The business also recently declared a monthly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Tuesday, June 19th will be paid a $0.21 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 11.75%. The ex-dividend date of this dividend is Monday, June 18th.

Institutional investors and hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC bought a new position in Rivernorth Opportunities Fund in the fourth quarter valued at approximately $397,000. Baird Financial Group Inc. bought a new position in Rivernorth Opportunities Fund in the fourth quarter valued at approximately $487,000. CWA Asset Management Group LLC lifted its stake in Rivernorth Opportunities Fund by 147.0% in the fourth quarter. CWA Asset Management Group LLC now owns 24,700 shares of the company’s stock valued at $494,000 after buying an additional 14,700 shares in the last quarter. LPL Financial LLC bought a new position in Rivernorth Opportunities Fund in the fourth quarter valued at approximately $549,000. Finally, Raymond James & Associates lifted its stake in Rivernorth Opportunities Fund by 24.1% in the fourth quarter. Raymond James & Associates now owns 67,752 shares of the company’s stock valued at $1,356,000 after buying an additional 13,144 shares in the last quarter.

Rivernorth Opportunities Fund Company Profile

Rivernorth Opportunities Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds and exchange-traded funds (ETFs, and collectively, Underlying Funds).

Insider Buying and Selling by Quarter for Rivernorth Opportunities Fund (NYSE:RIV)

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