Shaker Financial Services LLC Has $1.16 Million Stock Position in Special Opportunities Fund, Inc. (NYSE:SPE)

Shaker Financial Services LLC lowered its stake in Special Opportunities Fund, Inc. (NYSE:SPE) by 51.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 77,098 shares of the closed-end fund’s stock after selling 80,714 shares during the quarter. Shaker Financial Services LLC owned about 0.69% of Special Opportunities Fund worth $1,158,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Special Opportunities Fund during the 4th quarter worth $453,000. Scotia Capital Inc. raised its position in shares of Special Opportunities Fund by 6.1% during the fourth quarter. Scotia Capital Inc. now owns 89,632 shares of the closed-end fund’s stock worth $1,311,000 after purchasing an additional 5,141 shares during the period. Quarry LP acquired a new stake in shares of Special Opportunities Fund during the fourth quarter worth about $44,000. CF Capital LLC acquired a new stake in shares of Special Opportunities Fund during the fourth quarter worth about $402,000. Finally, K2 Principal Fund L.P. acquired a new stake in shares of Special Opportunities Fund during the fourth quarter worth about $146,000. Institutional investors and hedge funds own 35.60% of the company’s stock.

Special Opportunities Fund Stock Up 0.6%

NYSE SPE opened at $15.25 on Tuesday. The stock’s 50-day moving average is $15.33 and its 200-day moving average is $15.08. Special Opportunities Fund, Inc. has a one year low of $12.72 and a one year high of $15.87.

Special Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.1098 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%.

Special Opportunities Fund Company Profile

Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.