Advisors Asset Management Inc. Makes New Investment in Special Opportunities Fund, Inc. $SPE

Key Points

• Advisors Asset Management Inc. purchased 111,905 shares of Special Opportunities Fund, Inc. (NYSE:SPE) valued at approximately $1,681,000, representing around 1.00% of the company's total shares.
• A recent dividend of $0.1098 was paid to shareholders, resulting in an annualized yield of 8.4%.
• The current trading price of $SPE is $15.73, with a one-year trading range between $12.72 and $15.87.

Advisors Asset Management Inc. acquired a new position in Special Opportunities Fund, Inc. (NYSE:SPE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 111,905 shares of the closed-end fund's stock, valued at approximately $1,681,000. Advisors Asset Management Inc. owned 1.00% of Special Opportunities Fund as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Jefferies Financial Group Inc. purchased a new position in shares of Special Opportunities Fund in the 4th quarter valued at approximately $439,000. Envestnet Asset Management Inc. purchased a new position in shares of Special Opportunities Fund during the first quarter valued at approximately $363,000. Cetera Investment Advisers purchased a new position in shares of Special Opportunities Fund during the first quarter valued at approximately $293,000. NBC Securities Inc. lifted its holdings in shares of Special Opportunities Fund by 106,333.3% during the first quarter. NBC Securities Inc. now owns 15,965 shares of the closed-end fund's stock valued at $239,000 after purchasing an additional 15,950 shares during the last quarter. Finally, K2 Principal Fund L.P. purchased a new position in shares of Special Opportunities Fund during the fourth quarter valued at approximately $146,000. Hedge funds and other institutional investors own 35.60% of the company's stock.

Special Opportunities Fund Price Performance

Shares of SPE stock traded up $0.02 during trading hours on Friday, hitting $15.93. 8,903 shares of the company's stock traded hands, compared to its average volume of 40,163. The stock's fifty day simple moving average is $15.52 and its two-hundred day simple moving average is $15.11. Special Opportunities Fund, Inc. has a 12-month low of $12.72 and a 12-month high of $15.94.

Special Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.1098 per share. The ex-dividend date was Tuesday, August 19th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

About Special Opportunities Fund

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.