Independent Advisor Alliance Acquires Shares of 18,774 RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

Independent Advisor Alliance acquired a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,774 shares of the company’s stock, valued at approximately $157,000.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter valued at $1,146,000. J.W. Cole Advisors Inc. raised its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 43.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 144,385 shares of the company’s stock worth $1,204,000 after acquiring an additional 43,666 shares in the last quarter. Strategic Financial Concepts LLC raised its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 13.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 16,000 shares of the company’s stock worth $133,000 after acquiring an additional 1,900 shares in the last quarter. Powell Investment Advisors LLC purchased a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the fourth quarter worth $146,000. Finally, Verity Asset Management Inc. raised its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 27.7% in the fourth quarter. Verity Asset Management Inc. now owns 46,748 shares of the company’s stock worth $390,000 after acquiring an additional 10,154 shares in the last quarter.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Up 0.6 %

NYSE:OPP opened at $8.61 on Friday. The stock has a fifty day moving average price of $8.56 and a two-hundred day moving average price of $8.66. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 1 year low of $8.11 and a 1 year high of $9.30.

RiverNorth/DoubleLine Strategic Opportunity Fund Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a $0.095 dividend. This represents a yield of 13.72%. The ex-dividend date was Wednesday, January 15th.

RiverNorth/DoubleLine Strategic Opportunity Fund Profile

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.