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.

TRADEMARK VIOLATION NOTICE: “Sit Investment Associates Inc. Grows Position in Rivernorth Opportunities Fund Inc (RIV)” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at

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).

Receive News & Ratings for Rivernorth Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rivernorth Opportunities Fund and related companies with's FREE daily email newsletter.

Leave a Reply