RiverFront Strategic Income Fund (NYSEARCA:RIGS) Stock Price Up 0.2%

RiverFront Strategic Income Fund (NYSEARCA:RIGS) shares rose 0.2% on Tuesday . The company traded as high as $22.65 and last traded at $22.61. Approximately 11,997 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 21,947 shares. The stock had previously closed at $22.55.

RiverFront Strategic Income Fund Price Performance

The business’s fifty day simple moving average is $22.80 and its two-hundred day simple moving average is $22.67.

Institutional Trading of RiverFront Strategic Income Fund

Several large investors have recently bought and sold shares of the business. Arkansas Financial Group Inc. lifted its holdings in shares of RiverFront Strategic Income Fund by 44.4% in the 3rd quarter. Arkansas Financial Group Inc. now owns 44,611 shares of the company’s stock worth $988,000 after acquiring an additional 13,723 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in RiverFront Strategic Income Fund by 7.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 66,989 shares of the company’s stock worth $1,552,000 after buying an additional 4,610 shares during the period. Finally, Certified Advisory Corp increased its stake in RiverFront Strategic Income Fund by 5.9% during the 3rd quarter. Certified Advisory Corp now owns 131,630 shares of the company’s stock worth $2,916,000 after buying an additional 7,349 shares during the period.

About RiverFront Strategic Income Fund

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.