Shaker Financial Services LLC raised its holdings in Special Opportunities Fund, Inc. (NYSE:SPE - Free Report) by 148.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,812 shares of the closed-end fund's stock after buying an additional 94,176 shares during the period. Shaker Financial Services LLC owned about 1.41% of Special Opportunities Fund worth $2,309,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in SPE. Aspiriant LLC acquired a new position in Special Opportunities Fund in the fourth quarter valued at approximately $194,000. Absolute Investment Advisers LLC acquired a new position in shares of Special Opportunities Fund in the 4th quarter valued at $154,000. Truist Financial Corp purchased a new position in shares of Special Opportunities Fund in the 4th quarter valued at $328,000. Global Retirement Partners LLC acquired a new stake in Special Opportunities Fund during the 4th quarter worth $45,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Special Opportunities Fund in the fourth quarter valued at $333,000. Hedge funds and other institutional investors own 35.60% of the company's stock.
Special Opportunities Fund Stock Performance
Shares of SPE stock traded up $0.04 during mid-day trading on Friday, hitting $14.48. 28,112 shares of the stock were exchanged, compared to its average volume of 41,828. The stock's fifty day simple moving average is $14.73 and its two-hundred day simple moving average is $14.89. Special Opportunities Fund, Inc. has a 12-month low of $12.20 and a 12-month high of $15.87.
Special Opportunities Fund Announces Dividend
The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.1098 per share. This represents a yield of 9.35%. The ex-dividend date of this dividend is Tuesday, April 22nd.
Special Opportunities Fund Profile
(
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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