RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) to Issue Monthly Dividend of $0.09 on June 30th

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) announced a monthly dividend on Wednesday, April 1st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.091 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date is Monday, June 15th.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Up 0.5%

Shares of NYSE:OPP traded up $0.04 during trading on Friday, reaching $7.64. 74,017 shares of the stock were exchanged, compared to its average volume of 97,702. RiverNorth/DoubleLine Strategic Opportunity Fund has a 12-month low of $7.49 and a 12-month high of $8.82. The firm’s 50-day moving average price is $7.72 and its 200 day moving average price is $7.80.

Institutional Trading of RiverNorth/DoubleLine Strategic Opportunity Fund

A number of institutional investors have recently modified their holdings of OPP. Geneos Wealth Management Inc. grew its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 921.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,525 shares of the company’s stock worth $30,000 after purchasing an additional 3,180 shares during the period. Advisory Services Network LLC purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 3rd quarter worth about $38,000. Bank of America Corp DE grew its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 198.7% during the 3rd quarter. Bank of America Corp DE now owns 4,681 shares of the company’s stock worth $40,000 after purchasing an additional 3,114 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 4th quarter worth about $45,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 4th quarter worth about $88,000.

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. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc was formed on December 30, 2010 and is domiciled in the United States.