RiverFront Strategic Income Fund (NYSEARCA:RIGS) Shares Up 0.4% – Here’s What Happened

RiverFront Strategic Income Fund (NYSEARCA:RIGS) rose 0.4% during mid-day trading on Monday . The stock traded as high as $22.87 and last traded at $22.80. Approximately 5,064 shares were traded during trading, a decline of 60% from the average daily volume of 12,506 shares. The stock had previously closed at $22.71.

RiverFront Strategic Income Fund Price Performance

The company has a 50 day moving average price of $22.92 and a 200 day moving average price of $23.11.

Institutional Trading of RiverFront Strategic Income Fund

A number of hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its holdings in RiverFront Strategic Income Fund by 26.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,745 shares of the company’s stock worth $88,000 after acquiring an additional 795 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of RiverFront Strategic Income Fund by 5.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 40,077 shares of the company’s stock worth $927,000 after purchasing an additional 2,111 shares during the period. Finally, Arkansas Financial Group Inc. grew its stake in shares of RiverFront Strategic Income Fund by 15.2% in the third quarter. Arkansas Financial Group Inc. now owns 80,947 shares of the company’s stock worth $1,900,000 after purchasing an additional 10,686 shares during the last quarter.

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.