Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) announced a monthly dividend on Friday, April 5th, NASDAQ reports. Investors of record on Friday, April 19th will be paid a dividend of 0.0954 per share by the closed-end fund on Tuesday, April 30th. This represents a $1.14 annualized dividend and a yield of 9.41%. The ex-dividend date is Thursday, April 18th.
Special Opportunities Fund has decreased its dividend by an average of 2.7% annually over the last three years and has raised its dividend every year for the last 1 years.
Special Opportunities Fund Stock Performance
SPE stock traded down $0.20 during trading on Tuesday, hitting $12.16. 37,353 shares of the stock traded hands, compared to its average volume of 26,591. Special Opportunities Fund has a 1 year low of $10.26 and a 1 year high of $12.73. The firm's 50 day moving average is $12.38 and its two-hundred day moving average is $11.72.
Institutional Trading of Special Opportunities Fund
A number of institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of Special Opportunities Fund in the 4th quarter worth approximately $26,000. HighTower Advisors LLC bought a new stake in Special Opportunities Fund during the 3rd quarter worth approximately $170,000. SkyView Investment Advisors LLC raised its stake in Special Opportunities Fund by 85.8% during the 2nd quarter. SkyView Investment Advisors LLC now owns 32,490 shares of the closed-end fund's stock worth $365,000 after acquiring an additional 15,000 shares during the period. Rivernorth Capital Management LLC raised its position in shares of Special Opportunities Fund by 8.2% during the second quarter. Rivernorth Capital Management LLC now owns 378,177 shares of the closed-end fund's stock valued at $4,243,000 after buying an additional 28,625 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Special Opportunities Fund by 13.7% during the first quarter. NewEdge Advisors LLC now owns 16,600 shares of the closed-end fund's stock valued at $180,000 after buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 35.60% of the company's stock.
Special Opportunities Fund Company Profile
(
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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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