Shaker Financial Services LLC Purchases New Holdings in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

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Shaker Financial Services LLC purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,434 shares of the company’s stock, valued at approximately $486,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of OPP. Moloney Securities Asset Management LLC boosted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 5.4% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 151,432 shares of the company’s stock worth $2,078,000 after acquiring an additional 7,732 shares in the last quarter. Ford Financial Group LLC grew its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 7.6% in the third quarter. Ford Financial Group LLC now owns 37,823 shares of the company’s stock valued at $518,000 after buying an additional 2,672 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the second quarter valued at about $56,000. CIBC Private Wealth Group LLC grew its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 29.7% in the second quarter. CIBC Private Wealth Group LLC now owns 21,277 shares of the company’s stock valued at $296,000 after buying an additional 4,877 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. grew its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 23.2% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 134,602 shares of the company’s stock valued at $1,918,000 after buying an additional 25,371 shares in the last quarter.

OPP stock opened at $14.04 on Tuesday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 1 year low of $10.56 and a 1 year high of $17.17. The stock has a 50-day simple moving average of $13.80 and a 200-day simple moving average of $13.91.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.16 dividend on an annualized basis and a yield of 15.38%.

In other RiverNorth/DoubleLine Strategic Opportunity Fund news, Portfolio Manager Patrick W. Galley acquired 3,100 shares of the stock in a transaction on Tuesday, October 20th. The stock was purchased at an average price of $14.89 per share, for a total transaction of $46,159.00. Following the purchase, the portfolio manager now directly owns 9,919 shares in the company, valued at $147,693.91. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

RiverNorth/DoubleLine Strategic Opportunity Fund Profile

There is no company description available for RiverNorth/DoubleLine Strategic Opportunity Fund.

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Institutional Ownership by Quarter for RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE:OPP)

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