Rivernorth Opportunities Fund Inc (NYSE:RIV) Shares Bought by Sit Investment Associates Inc.

Sit Investment Associates Inc. increased its stake in Rivernorth Opportunities Fund Inc (NYSE:RIV) by 783.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,285 shares of the company’s stock after purchasing an additional 49,024 shares during the quarter. Sit Investment Associates Inc.’s holdings in Rivernorth Opportunities Fund were worth $1,107,000 at the end of the most recent quarter.

Rivernorth Opportunities Fund Inc (NYSE RIV) opened at $20.65 on Tuesday. Rivernorth Opportunities Fund Inc has a 12-month low of $18.86 and a 12-month high of $21.57.

The firm also recently announced a monthly dividend, which was paid on Thursday, December 28th. Shareholders 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 annualized dividend and a dividend yield of 12.20%.

In other Rivernorth Opportunities Fund news, insider Rivernorth Capital Management, sold 13,442 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $19.75, for a total transaction of $265,479.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 40,442 shares of company stock valued at $816,160 in the last 90 days.

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About Rivernorth Opportunities Fund

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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