Shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report) traded down 0.3% during trading on Monday . The company traded as low as $23.08 and last traded at $23.17. 2,267 shares changed hands during trading, a decline of 86% from the average session volume of 15,892 shares. The stock had previously closed at $23.24.
RiverFront Strategic Income Fund Stock Performance
The stock has a 50 day moving average price of $22.87 and a 200 day moving average price of $23.10.
Hedge Funds Weigh In On RiverFront Strategic Income Fund
A number of hedge funds have recently made changes to their positions in RIGS. YANKCOM Partnership bought a new position in shares of RiverFront Strategic Income Fund during the fourth quarter worth about $327,000. Arkansas Financial Group Inc. raised its position in shares of 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 during the last quarter. 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 worth $927,000 after acquiring an additional 2,111 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of RiverFront Strategic Income Fund by 26.9% during the third 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.
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.
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