RiverNorth Capital and Income Fund (NYSE:RSF – Get Free Report) was upgraded by Zacks Research to a “hold” rating in a report released on Monday,Zacks.com reports.
RiverNorth Capital and Income Fund Trading Down 0.2%
Shares of NYSE:RSF opened at $14.60 on Monday. The business’s fifty day simple moving average is $14.60 and its 200-day simple moving average is $14.54. RiverNorth Capital and Income Fund has a 12-month low of $14.23 and a 12-month high of $15.07.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in shares of RiverNorth Capital and Income Fund during the third quarter valued at $35,000. Equitable Holdings Inc. purchased a new position in RiverNorth Capital and Income Fund in the 4th quarter worth $167,000. Jane Street Group LLC purchased a new stake in RiverNorth Capital and Income Fund during the 4th quarter valued at about $214,000. Osaic Holdings Inc. grew its stake in RiverNorth Capital and Income Fund by 15.9% during the 4th quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock valued at $2,574,000 after purchasing an additional 24,600 shares during the last quarter. Finally, Everstar Asset Management LLC acquired a new position in shares of RiverNorth Capital and Income Fund in the first quarter valued at about $466,000.
RiverNorth Capital and Income Fund Company Profile
RiverNorth Capital and Income Fund (NYSE: RSF) is a closed-end investment company managed by RiverNorth Capital Management, LLC. The fund seeks to provide shareholders with a combination of current income and capital appreciation by employing a flexible, unconstrained fixed-income strategy. RSF invests across a broad spectrum of debt and convertible securities, aiming to capitalize on relative value opportunities in both interest-rate and credit markets.
The fund’s portfolio typically includes high-yield corporate bonds, bank loans, convertible securities, preferred stocks and other debt instruments.
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