RiverFront Strategic Income Fund (NYSEARCA:RIGS) Trading Down 0.3% – What’s Next?

RiverFront Strategic Income Fund (NYSEARCA:RIGS) dropped 0.3% during trading on Monday . The company traded as low as $23.08 and last traded at $23.17. Approximately 2,267 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 15,892 shares. The stock had previously closed at $23.24.

RiverFront Strategic Income Fund Price Performance

The stock has a 50 day moving average of $22.87 and a 200 day moving average of $23.10.

Institutional Investors Weigh In On RiverFront Strategic Income Fund

A number of large investors have recently modified their holdings of the business. Arkansas Financial Group Inc. lifted its stake in shares of RiverFront Strategic Income Fund by 16.6% in the 4th quarter. Arkansas Financial Group Inc. now owns 94,370 shares of the company’s stock valued at $2,182,000 after acquiring an additional 13,423 shares during the last quarter. Janney Montgomery Scott LLC raised its position in RiverFront Strategic Income Fund by 5.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 40,077 shares of the company’s stock valued at $927,000 after purchasing an additional 2,111 shares during the last quarter. YANKCOM Partnership acquired a new stake in shares of RiverFront Strategic Income Fund during the fourth quarter valued at about $327,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of RiverFront Strategic Income Fund by 26.9% during the third quarter. Farther Finance Advisors LLC now owns 3,745 shares of the company’s stock valued at $88,000 after purchasing an additional 795 shares in the last quarter.

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.