Advisors Asset Management Inc. Buys New Shares 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. purchased a new stake in shares of Special Opportunities Fund, Inc. (NYSE:SPE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 111,905 shares of the closed-end fund's stock, valued at approximately $1,681,000. Advisors Asset Management Inc. owned about 1.00% of Special Opportunities Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Jefferies Financial Group Inc. bought a new stake in shares of Special Opportunities Fund during the 4th quarter worth approximately $439,000. Envestnet Asset Management Inc. acquired a new position in Special Opportunities Fund during the first quarter worth $363,000. Cetera Investment Advisers bought a new stake in Special Opportunities Fund during the first quarter worth $293,000. NBC Securities Inc. lifted its stake in Special Opportunities Fund by 106,333.3% in the first quarter. NBC Securities Inc. now owns 15,965 shares of the closed-end fund's stock valued at $239,000 after acquiring an additional 15,950 shares during the last quarter. Finally, K2 Principal Fund L.P. acquired a new stake in Special Opportunities Fund in the fourth quarter valued at $146,000. Institutional investors and hedge funds own 35.60% of the company's stock.

Special Opportunities Fund Trading Up 0.1%

Shares of SPE stock opened at $15.73 on Monday. The company has a fifty day moving average price of $15.51 and a two-hundred day moving average price of $15.09. Special Opportunities Fund, Inc. has a one year low of $12.72 and a one year high of $15.87.

Special Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th were issued a $0.1098 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend was Tuesday, August 19th.

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.

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