Verity Asset Management Inc. Purchases 10,154 Shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

Verity Asset Management Inc. increased its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 27.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,748 shares of the company’s stock after purchasing an additional 10,154 shares during the quarter. Verity Asset Management Inc.’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Absolute Investment Advisers LLC bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter worth approximately $1,037,000. J.W. Cole Advisors Inc. boosted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 143.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 100,719 shares of the company’s stock valued at $914,000 after buying an additional 59,337 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 3rd quarter worth about $523,000. Shaker Financial Services LLC increased its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 46.2% in the 3rd quarter. Shaker Financial Services LLC now owns 114,248 shares of the company’s stock worth $1,037,000 after acquiring an additional 36,120 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the 3rd quarter valued at about $278,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

Shares of OPP opened at $8.51 on Tuesday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $9.30. The firm’s 50-day simple moving average is $8.42 and its two-hundred day simple moving average is $8.71.

RiverNorth/DoubleLine Strategic Opportunity Fund Cuts Dividend

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

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.