RiverFront Strategic Income Fund (NYSEARCA:RIGS) Trading Down 0.1% – Time to Sell?

RiverFront Strategic Income Fund (NYSEARCA:RIGS)’s share price fell 0.1% on Monday . The stock traded as low as $22.82 and last traded at $22.85. 3,133 shares were traded during trading, a decline of 75% from the average session volume of 12,353 shares. The stock had previously closed at $22.88.

RiverFront Strategic Income Fund Stock Down 0.1%

The company has a 50 day moving average of $22.95 and a 200 day moving average of $23.08.

Institutional Investors Weigh In On RiverFront Strategic Income Fund

An institutional investor recently bought a new position in RiverFront Strategic Income Fund stock. Claris Financial LLC bought a new stake in RiverFront Strategic Income Fund (NYSEARCA:RIGS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 20,862 shares of the company’s stock, valued at approximately $481,000. Claris Financial LLC owned approximately 0.68% of RiverFront Strategic Income Fund as of its most recent filing with the SEC.

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.