Prime Capital Investment Advisors LLC Purchases New Holdings in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

Prime Capital Investment Advisors LLC acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 57,591 shares of the company’s stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Shaker Financial Services LLC grew its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 46.2% during the 3rd quarter. Shaker Financial Services LLC now owns 114,248 shares of the company’s stock worth $1,037,000 after purchasing an additional 36,120 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 143.4% during the third quarter. J.W. Cole Advisors Inc. now owns 100,719 shares of the company’s stock worth $914,000 after buying an additional 59,337 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 9.6% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 53,677 shares of the company’s stock valued at $487,000 after buying an additional 4,694 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 3rd quarter valued at approximately $77,000. Finally, CoreCap Advisors LLC acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 2nd quarter valued at approximately $301,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Down 0.6 %

NYSE OPP opened at $8.36 on Friday. The firm’s 50 day simple moving average is $8.92 and its 200 day simple moving average is $8.77. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 1 year low of $7.78 and a 1 year high of $9.30.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.1003 dividend. This represents a $1.20 annualized dividend and a yield of 14.40%. The ex-dividend date of this dividend is Friday, December 13th.

About RiverNorth/DoubleLine Strategic Opportunity Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fixed income markets. The fund seeks to benchmark the performance of its portfolio against the Barclays Capital U.S.