Janney Montgomery Scott LLC Sells 3,014 Shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Janney Montgomery Scott LLC lessened its stake in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,392 shares of the company’s stock after selling 3,014 shares during the quarter. Janney Montgomery Scott LLC’s holdings in RiverNorth Opportunities Fund were worth $418,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SeaCrest Wealth Management LLC increased its stake in shares of RiverNorth Opportunities Fund by 7.2% during the fourth quarter. SeaCrest Wealth Management LLC now owns 24,086 shares of the company’s stock worth $277,000 after purchasing an additional 1,608 shares during the period. GHP Investment Advisors Inc. bought a new stake in shares of RiverNorth Opportunities Fund during the 3rd quarter worth $27,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of RiverNorth Opportunities Fund by 2.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 253,229 shares of the company’s stock valued at $3,273,000 after purchasing an additional 4,989 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of RiverNorth Opportunities Fund during the 3rd quarter valued at approximately $568,000. Finally, Penserra Capital Management LLC bought a new stake in shares of RiverNorth Opportunities Fund during the 3rd quarter valued at approximately $7,864,000.

RiverNorth Opportunities Fund Stock Performance

Shares of RiverNorth Opportunities Fund stock opened at $12.28 on Tuesday. The company’s 50 day moving average price is $12.08 and its two-hundred day moving average price is $12.34. RiverNorth Opportunities Fund, Inc. has a fifty-two week low of $11.20 and a fifty-two week high of $12.96.

RiverNorth Opportunities Fund Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a dividend of $0.1277 per share. This represents a dividend yield of 12.64%. The ex-dividend date of this dividend was Wednesday, January 15th.

About RiverNorth Opportunities Fund

RiverNorth Opportunities Fund, Inc is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc was formed on December 24, 2015 and is domiciled in the United States.