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

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

RiverFront Strategic Income Fund Trading Down 0.3 %

The business has a 50-day moving average price of $22.92 and a 200-day moving average price of $23.05.

Institutional Trading of RiverFront Strategic Income Fund

Several institutional investors have recently made changes to their positions in RIGS. YANKCOM Partnership bought a new position in shares of RiverFront Strategic Income Fund during the 4th quarter worth approximately $327,000. Arkansas Financial Group Inc. raised its stake in RiverFront Strategic Income Fund by 16.6% during the fourth quarter. Arkansas Financial Group Inc. now owns 94,370 shares of the company’s stock worth $2,182,000 after acquiring an additional 13,423 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in 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 acquiring an additional 2,111 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.