Sit Investment Associates Inc. Grows Position in Rivernorth Opportunities Fund Inc (RIV)

Sit Investment Associates Inc. lifted its stake in shares of Rivernorth Opportunities Fund Inc (NYSE:RIV) by 783.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,285 shares of the company’s stock after acquiring an additional 49,024 shares during the period. Sit Investment Associates Inc.’s holdings in Rivernorth Opportunities Fund were worth $1,107,000 at the end of the most recent reporting period.

Rivernorth Opportunities Fund Inc (RIV) opened at $20.85 on Tuesday. Rivernorth Opportunities Fund Inc has a 1 year low of $18.86 and a 1 year high of $21.57.

The business also recently announced a monthly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 15th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 12.09%.

In related news, insider Rivernorth Capital Management, sold 14,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $20.67, for a total transaction of $289,380.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 40,442 shares of company stock worth $816,160 in the last quarter.

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Rivernorth Opportunities Fund Company Profile

Rivernorth Opportunities Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds and exchange-traded funds (ETFs, and collectively, Underlying Funds).

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