Bay Colony Advisory Group Inc d b a Bay Colony Advisors Increases Stake in Special Opportunities Fund, Inc. (NYSE:SPE)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Special Opportunities Fund, Inc. (NYSE:SPE) by 41.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,542 shares of the closed-end fund’s stock after acquiring an additional 4,570 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors owned 0.14% of Special Opportunities Fund worth $227,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SPE. Global Retirement Partners LLC purchased a new position in Special Opportunities Fund during the fourth quarter valued at approximately $45,000. Absolute Investment Advisers LLC purchased a new position in Special Opportunities Fund during the fourth quarter valued at approximately $154,000. Aspiriant LLC purchased a new position in Special Opportunities Fund during the fourth quarter valued at approximately $194,000. Landscape Capital Management L.L.C. raised its position in Special Opportunities Fund by 22.6% during the third quarter. Landscape Capital Management L.L.C. now owns 14,755 shares of the closed-end fund’s stock valued at $205,000 after acquiring an additional 2,723 shares in the last quarter. Finally, Truist Financial Corp acquired a new stake in Special Opportunities Fund in the fourth quarter valued at approximately $328,000. 35.60% of the stock is currently owned by hedge funds and other institutional investors.

Special Opportunities Fund Price Performance

Shares of SPE opened at $15.16 on Friday. Special Opportunities Fund, Inc. has a 12 month low of $12.00 and a 12 month high of $15.87. The stock’s 50 day moving average is $15.22 and its two-hundred day moving average is $14.72.

Special Opportunities Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a $0.1098 dividend. This represents a yield of 8.76%. The ex-dividend date of this dividend was Tuesday, January 21st.

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.