RiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report)’s stock price was up 0.1% during mid-day trading on Wednesday. The company traded as high as $22.20 and last traded at $22.13. 9,877 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 10,969 shares. The stock had previously closed at $22.10.
RiverFront Strategic Income Fund Stock Down 0.6%
The firm’s 50-day moving average is $22.30 and its 200 day moving average is $22.59.
Institutional Investors Weigh In On RiverFront Strategic Income Fund
A hedge fund recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC lifted its stake in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS – Free Report) by 7.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,378 shares of the company’s stock after acquiring an additional 3,550 shares during the quarter. Janney Montgomery Scott LLC owned about 1.75% of RiverFront Strategic Income Fund worth $1,151,000 at the end of the most recent reporting period.
RiverFront Strategic Income Fund Company Profile
The RiverFront Strategic Income Fund (RIGS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed global fixed-income portfolio that invests in various types of fixed-income securities without currency limitation. RIGS was launched on Oct 9, 2013 and is managed by RiverFront.
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