RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) Shares Bought by LPL Financial LLC

LPL Financial LLC boosted its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) by 49.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,387 shares of the company’s stock after acquiring an additional 21,230 shares during the period. LPL Financial LLC owned approximately 0.61% of RiverNorth/DoubleLine Strategic Opportunity Fund worth $1,183,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of OPP. Wells Fargo & Company MN increased its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 52.1% during the fourth quarter. Wells Fargo & Company MN now owns 171,198 shares of the company’s stock valued at $3,147,000 after acquiring an additional 58,669 shares during the period. Moloney Securities Asset Management LLC increased its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 74.9% during the fourth quarter. Moloney Securities Asset Management LLC now owns 72,760 shares of the company’s stock valued at $1,337,000 after acquiring an additional 31,158 shares during the period. Mariner Investment Group LLC bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter valued at about $359,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 163.6% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,100 shares of the company’s stock valued at $259,000 after acquiring an additional 8,750 shares during the period.

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Shares of OPP opened at $17.64 on Monday. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 12-month low of $17.47 and a 12-month high of $19.76.

The company also recently declared a monthly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.80 annualized dividend and a yield of 10.20%.

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