RiverFront Strategic Income Fund (NYSEARCA:RIGS) Shares Down 0.5% – What’s Next?

RiverFront Strategic Income Fund (NYSEARCA:RIGS)’s stock price was down 0.5% during trading on Friday . The stock traded as low as $23.21 and last traded at $23.25. Approximately 11,717 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 18,666 shares. The stock had previously closed at $23.36.

RiverFront Strategic Income Fund Trading Down 0.5 %

The company’s 50-day moving average is $23.36 and its 200-day moving average is $22.96.

Institutional Trading of RiverFront Strategic Income Fund

A hedge fund recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC lifted its holdings in RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 5.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 70,867 shares of the company’s stock after purchasing an additional 3,878 shares during the quarter. Janney Montgomery Scott LLC owned about 1.58% of RiverFront Strategic Income Fund worth $1,621,000 as of its most recent SEC filing.

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.