RiverFront Strategic Income Fund (NYSEARCA:RIGS) Trading Down 0.3% – Here’s Why

RiverFront Strategic Income Fund (NYSEARCA:RIGS)’s share price fell 0.3% during mid-day trading on Monday . The company traded as low as $22.80 and last traded at $23.01. 16,184 shares were traded during trading, a decline of 6% from the average session volume of 17,264 shares. The stock had previously closed at $23.07.

RiverFront Strategic Income Fund Trading Down 0.3 %

The firm has a fifty day simple moving average of $22.92 and a 200 day simple moving average of $23.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. YANKCOM Partnership bought a new stake in RiverFront Strategic Income Fund in the 4th quarter valued at $327,000. Janney Montgomery Scott LLC raised its position 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 valued at $927,000 after buying an additional 2,111 shares during the last quarter. Finally, Arkansas Financial Group Inc. lifted its stake in shares of RiverFront Strategic Income Fund by 16.6% in the fourth quarter. Arkansas Financial Group Inc. now owns 94,370 shares of the company’s stock valued at $2,182,000 after buying an additional 13,423 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.