RiverFront Strategic Income Fund (NYSEARCA:RIGS) Trading Up 0.2%

Shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) were up 0.2% during mid-day trading on Tuesday . The stock traded as high as $22.65 and last traded at $22.61. Approximately 11,997 shares changed hands during trading, a decline of 45% from the average daily volume of 21,947 shares. The stock had previously closed at $22.55.

RiverFront Strategic Income Fund Stock Performance

The firm has a 50 day simple moving average of $22.78 and a 200-day simple moving average of $22.67.

Institutional Investors Weigh In On RiverFront Strategic Income Fund

A number of institutional investors have recently modified their holdings of the company. Arkansas Financial Group Inc. grew its stake in shares of RiverFront Strategic Income Fund by 37.0% in the first quarter. Arkansas Financial Group Inc. now owns 66,581 shares of the company’s stock valued at $1,523,000 after buying an additional 17,987 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in RiverFront Strategic Income Fund by 7.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 66,989 shares of the company’s stock worth $1,552,000 after purchasing an additional 4,610 shares in the last quarter. Finally, Certified Advisory Corp grew its stake in RiverFront Strategic Income Fund by 5.9% during the 3rd quarter. Certified Advisory Corp now owns 131,630 shares of the company’s stock worth $2,916,000 after purchasing an additional 7,349 shares in the last quarter.

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.