Zacks Research upgraded shares of RiverNorth Capital and Income Fund (NYSE:RSF – Free Report) to a hold rating in a research note released on Monday,Zacks.com reports.
RiverNorth Capital and Income Fund Price Performance
NYSE RSF opened at $14.60 on Monday. The business has a 50 day simple moving average of $14.60 and a 200 day simple moving average of $14.54. RiverNorth Capital and Income Fund has a 52-week low of $14.23 and a 52-week high of $15.07.
Hedge Funds Weigh In On RiverNorth Capital and Income Fund
Several hedge funds have recently modified their holdings of RSF. Nomura Holdings Inc. bought a new stake in RiverNorth Capital and Income Fund during the third quarter worth about $3,680,000. Advisory Services Network LLC bought a new position in RiverNorth Capital and Income Fund in the third quarter valued at approximately $35,000. TrueMark Investments LLC bought a new position in RiverNorth Capital and Income Fund in the fourth quarter valued at approximately $689,000. Palatine Hill Wealth Management LLC acquired a new position in shares of RiverNorth Capital and Income Fund during the 4th quarter worth approximately $9,666,000. Finally, Jane Street Group LLC acquired a new position in shares of RiverNorth Capital and Income Fund during the 4th quarter worth approximately $214,000.
RiverNorth Capital and Income Fund Company Profile
RiverNorth Capital and Income Fund (NYSE: RSF) is a closed-end investment company managed by RiverNorth Capital Management, LLC. The fund seeks to provide shareholders with a combination of current income and capital appreciation by employing a flexible, unconstrained fixed-income strategy. RSF invests across a broad spectrum of debt and convertible securities, aiming to capitalize on relative value opportunities in both interest-rate and credit markets.
The fund’s portfolio typically includes high-yield corporate bonds, bank loans, convertible securities, preferred stocks and other debt instruments.
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