SCHEDULE 13G/A: Morgan Stanley and Parametric Portfolio Associates Disclose 8.7% Stake in RiverNorth/DoubleLine Strategic Opportunity Fund
Beneficial Ownership Report
Morgan Stanley and its subsidiary, Parametric Portfolio Associates LLC, have jointly disclosed a beneficial ownership of 8.7% in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc., as detailed in their latest Schedule 13G amendment.
Summary
- Morgan Stanley and Parametric Portfolio Associates LLC have jointly filed an Amendment No. 2 to Schedule 13G, reporting their beneficial ownership in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
- The aggregate amount beneficially owned by the reporting persons is 1,998,931 shares of Common Stock.
- This ownership represents 8.7% of the total class of securities.
- The filing indicates shared voting power over 185,640 shares and shared dispositive power over 1,998,931 shares.
- Parametric Portfolio Associates LLC is identified as a wholly-owned subsidiary of Morgan Stanley, with Morgan Stanley filing as a parent holding company.
Sentiment
Score: 5
Explanation: This is a neutral disclosure document detailing beneficial ownership, with no inherent positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
N/A
Industry Context
Schedule 13G filings are standard disclosures by institutional investors holding 5% or more of a company's equity. This filing provides transparency into significant institutional ownership, which can be a factor for other investors assessing market confidence and potential influence on corporate governance. It indicates continued or updated interest from a major financial institution in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
Related Party Transactions
- Parametric Portfolio Associates LLC, one of the reporting persons, is a wholly-owned subsidiary of Morgan Stanley, the other reporting person, indicating a parent-subsidiary relationship in the beneficial ownership.
Stakeholder Impact
- Provides transparency to shareholders and potential investors regarding significant institutional ownership in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
- Informs the market about the continued or updated stake held by Morgan Stanley and its subsidiary, which can be a signal of institutional confidence or strategy.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement, representing the end of the reporting period. |
| 02/04/2025 | Filing date of the Schedule 13G Amendment. |
Keywords
RiverNorth/DoubleLine Strategic Opportunity Fund, Morgan Stanley, Parametric Portfolio Associates, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Fund
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