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

Shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report) shot up 0.1% during trading on Wednesday. The stock traded as high as $22.20 and last traded at $22.13. 9,877 shares were traded during mid-day trading, a decline of 10% from the average session volume of 10,969 shares. The stock had previously closed at $22.10.

RiverFront Strategic Income Fund Stock Up 0.1%

The company’s fifty day moving average price is $22.31 and its 200 day moving average price is $22.59.

Institutional Investors Weigh In On RiverFront Strategic Income Fund

An institutional investor recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC boosted its position in RiverFront Strategic Income Fund (NYSEARCA:RIGS – Free Report) by 7.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 50,378 shares of the company’s stock after purchasing an additional 3,550 shares during the period. Janney Montgomery Scott LLC owned about 1.75% of RiverFront Strategic Income Fund worth $1,151,000 as of its most recent SEC filing.

RiverFront Strategic Income Fund Company Profile

(Get Free Report)

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.

Further Reading

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