Home Hedge Funds Tennessee Valley Asset Management Partners Makes New Investment in RiverNorth Opportunities Fund,...

Tennessee Valley Asset Management Partners Makes New Investment in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

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Tennessee Valley Asset Management Partners purchased a new position in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIVGet Rating) during the first quarter, Holdings Channel reports. The firm purchased 13,332 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds have also modified their holdings of the business. Ford Financial Group LLC boosted its position in RiverNorth Opportunities Fund by 8.7% during the first quarter. Ford Financial Group LLC now owns 13,777 shares of the company’s stock worth $220,000 after purchasing an additional 1,097 shares in the last quarter. CSS LLC IL purchased a new position in RiverNorth Opportunities Fund during the fourth quarter worth approximately $643,000. Bulldog Investors LLP boosted its position in RiverNorth Opportunities Fund by 965.2% during the fourth quarter. Bulldog Investors LLP now owns 195,479 shares of the company’s stock worth $3,118,000 after purchasing an additional 177,127 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in RiverNorth Opportunities Fund by 11.2% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 61,142 shares of the company’s stock worth $975,000 after purchasing an additional 6,175 shares in the last quarter. Finally, B. Riley Wealth Management Inc. boosted its position in RiverNorth Opportunities Fund by 154.0% during the fourth quarter. B. Riley Wealth Management Inc. now owns 50,985 shares of the company’s stock worth $813,000 after purchasing an additional 30,913 shares in the last quarter.

Shares of RIV stock opened at $14.30 on Monday. The business’s 50 day moving average is $14.14 and its two-hundred day moving average is $15.36. RiverNorth Opportunities Fund, Inc. has a 12-month low of $12.56 and a 12-month high of $18.75.

The company also recently announced a monthly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.27%.

RiverNorth Opportunities Fund Profile (Get Rating)

RiverNorth Opportunities Fund, Inc was founded in 2015 and is headquartered in Chicago, Illinois.

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Want to see what other hedge funds are holding RIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RiverNorth Opportunities Fund, Inc. (NYSE:RIVGet Rating).

Institutional Ownership by Quarter for RiverNorth Opportunities Fund (NYSE:RIV)



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