Raymond James Financial Inc. bought a new stake in Special Opportunities Fund, Inc. (NYSE:SPE - Free Report) during the fourth quarter, according to the company in its most recent filing 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 about 0.28% of Special Opportunities Fund at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in SPE. Global Retirement Partners LLC purchased a new position in Special Opportunities Fund in the 4th quarter worth approximately $45,000. Absolute Investment Advisers LLC acquired a new position in shares of Special Opportunities Fund during the fourth quarter worth $154,000. Aspiriant LLC purchased a new position in shares of Special Opportunities Fund in the fourth quarter valued at $194,000. Truist Financial Corp acquired a new stake in Special Opportunities Fund during the 4th quarter valued at $328,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Special Opportunities Fund during the 4th quarter worth $333,000. Hedge funds and other institutional investors own 35.60% of the company's stock.
Special Opportunities Fund Stock Performance
SPE stock traded down $0.02 during trading on Friday, reaching $13.99. The stock had a trading volume of 98,588 shares, compared to its average volume of 41,080. The firm has a fifty day moving average price of $15.01 and a 200 day moving average price of $14.89. Special Opportunities Fund, Inc. has a 1-year low of $12.00 and a 1-year high of $15.87.
Special Opportunities Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $0.1098 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 9.42%. The ex-dividend date is Tuesday, June 17th.
About Special Opportunities Fund
(
Free Report)
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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