Principal Securities Inc. Buys 10,247 Shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Principal Securities Inc. raised its stake in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 165,714 shares of the company’s stock after acquiring an additional 10,247 shares during the period. Principal Securities Inc.’s holdings in RiverNorth Opportunities Fund were worth $1,904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GHP Investment Advisors Inc. purchased a new stake in RiverNorth Opportunities Fund during the 3rd quarter valued at about $27,000. SeaCrest Wealth Management LLC lifted its stake in shares of RiverNorth Opportunities Fund by 7.2% in the fourth quarter. SeaCrest Wealth Management LLC now owns 24,086 shares of the company’s stock worth $277,000 after buying an additional 1,608 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in RiverNorth Opportunities Fund in the 3rd quarter valued at approximately $568,000. Strategic Financial Concepts LLC increased its holdings in shares of RiverNorth Opportunities Fund by 1,171.6% in the 4th quarter. Strategic Financial Concepts LLC now owns 190,734 shares of the company’s stock worth $2,192,000 after purchasing an additional 175,734 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of RiverNorth Opportunities Fund by 2.0% during the third 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.

RiverNorth Opportunities Fund Price Performance

RIV opened at $12.42 on Wednesday. The firm has a 50 day moving average price of $12.05 and a 200-day moving average price of $12.35. RiverNorth Opportunities Fund, Inc. has a twelve month low of $11.20 and a twelve month high of $12.96.

RiverNorth Opportunities Fund Cuts Dividend

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

RiverNorth Opportunities Fund Company Profile

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.