RiverFront Strategic Income Fund (NYSEARCA:RIGS) Shares Down 0.3% – What’s Next?

RiverFront Strategic Income Fund (NYSEARCA:RIGS)’s share price traded down 0.3% during trading on Monday . The stock traded as low as $22.80 and last traded at $23.01. 16,184 shares traded hands during mid-day 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 Stock Down 0.3 %

The stock has a fifty day moving average price of $22.93 and a two-hundred day moving average price of $23.04.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in RiverFront Strategic Income Fund by 5.6% in 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 last quarter. YANKCOM Partnership bought a new stake in shares of RiverFront Strategic Income Fund during the 4th quarter worth $327,000. Finally, Arkansas Financial Group Inc. grew its position 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 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.