RiverFront Strategic Income Fund (NYSEARCA:RIGS) Trading 0.1% Higher – Should You Buy?

RiverFront Strategic Income Fund (NYSEARCA:RIGS) shares rose 0.1% during trading on Monday . The company traded as high as $22.73 and last traded at $22.62. Approximately 8,190 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 10,029 shares. The stock had previously closed at $22.60.

RiverFront Strategic Income Fund Trading Up 0.1%

The company’s 50-day simple moving average is $22.67 and its 200-day simple moving average is $22.85.

Institutional Trading of RiverFront Strategic Income Fund

A hedge fund recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC raised its position in RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,378 shares of the company’s stock after buying an additional 3,550 shares during the quarter. Janney Montgomery Scott LLC owned 1.75% of RiverFront Strategic Income Fund worth $1,151,000 at the end of the most recent reporting period.

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.