Wilmington Savings Fund Society FSB Invests $278,000 in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

Wilmington Savings Fund Society FSB purchased a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 30,592 shares of the company’s stock, valued at approximately $278,000.

Several other institutional investors also recently modified their holdings of OPP. PFG Investments LLC grew its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 48.1% during the 2nd quarter. PFG Investments LLC now owns 82,966 shares of the company’s stock worth $718,000 after buying an additional 26,946 shares during the period. Wedbush Securities Inc. grew its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 3.2% during the 2nd quarter. Wedbush Securities Inc. now owns 54,400 shares of the company’s stock worth $471,000 after buying an additional 1,700 shares during the period. CoreCap Advisors LLC acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 2nd quarter worth approximately $301,000. J.W. Cole Advisors Inc. grew its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 122.7% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 41,382 shares of the company’s stock worth $358,000 after buying an additional 22,800 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 3rd quarter worth approximately $77,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

Shares of NYSE OPP opened at $8.32 on Wednesday. The firm has a 50 day moving average price of $8.64 and a 200 day moving average price of $8.78. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 52-week low of $8.11 and a 52-week high of $9.30.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.1003 per share. This represents a $1.20 dividend on an annualized basis and a yield of 14.47%. 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.