Quarry LP Decreases Stock Position in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. $OPP

Quarry LP cut its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 75.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,129 shares of the company’s stock after selling 36,332 shares during the quarter. Quarry LP’s holdings in RiverNorth/DoubleLine Strategic Opportunity Fund were worth $104,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Baird Financial Group Inc. raised its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 14.1% in the first quarter. Baird Financial Group Inc. now owns 158,500 shares of the company’s stock valued at $1,360,000 after buying an additional 19,530 shares during the last quarter. Powell Investment Advisors LLC raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 17.9% in the first quarter. Powell Investment Advisors LLC now owns 20,581 shares of the company’s stock worth $177,000 after purchasing an additional 3,129 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 69.4% in the first quarter. J.W. Cole Advisors Inc. now owns 244,600 shares of the company’s stock worth $2,099,000 after purchasing an additional 100,215 shares during the last quarter. Verity Asset Management Inc. raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 21.4% in the first quarter. Verity Asset Management Inc. now owns 56,741 shares of the company’s stock worth $487,000 after purchasing an additional 9,993 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 168.7% in the first quarter. Total Wealth Planning & Management Inc. now owns 36,383 shares of the company’s stock worth $312,000 after purchasing an additional 22,841 shares during the last quarter.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

Shares of NYSE:OPP opened at $8.72 on Thursday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 52-week low of $7.91 and a 52-week high of $9.30. The business has a 50-day moving average price of $8.57 and a 200-day moving average price of $8.49.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.095 dividend. This represents a c) annualized dividend and a dividend yield of 13.1%. The ex-dividend date was Friday, August 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.