Raymond James Financial Inc. Purchases Shares of 30,984 Special Opportunities Fund, Inc. (NYSE:SPE)

Raymond James Financial Inc. bought a new position in shares of Special Opportunities Fund, Inc. (NYSE:SPE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,984 shares of the closed-end fund's stock, valued at approximately $453,000. Raymond James Financial Inc. owned 0.28% of Special Opportunities Fund at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in shares of Special Opportunities Fund in the 4th quarter valued at approximately $45,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Special Opportunities Fund by 41.7% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,542 shares of the closed-end fund's stock worth $227,000 after purchasing an additional 4,570 shares in the last quarter. Absolute Investment Advisers LLC acquired a new stake in shares of Special Opportunities Fund during the 4th quarter worth approximately $154,000. Aspiriant LLC acquired a new position in shares of Special Opportunities Fund during the fourth quarter valued at about $194,000. Finally, Truist Financial Corp purchased a new position in shares of Special Opportunities Fund during the fourth quarter valued at approximately $328,000. 35.60% of the stock is currently owned by institutional investors.

Special Opportunities Fund Stock Up 1.1%

Special Opportunities Fund stock traded up $0.17 during midday trading on Tuesday, hitting $15.20. 23,631 shares of the stock were exchanged, compared to its average volume of 42,372. The business's 50-day moving average price is $14.60 and its 200-day moving average price is $14.93. Special Opportunities Fund, Inc. has a 52-week low of $12.65 and a 52-week high of $15.87.

Special Opportunities Fund Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd were issued a $0.1098 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a dividend yield of 9.35%.

Special Opportunities Fund Profile

Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.