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

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

RiverFront Strategic Income Fund Trading Down 0.1 %

The stock has a fifty day moving average price of $22.78 and a two-hundred day moving average price of $22.67.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RIGS. Arkansas Financial Group Inc. grew its position in RiverFront Strategic Income Fund by 44.4% in the third quarter. Arkansas Financial Group Inc. now owns 44,611 shares of the company’s stock worth $988,000 after buying an additional 13,723 shares during the last quarter. Janney Montgomery Scott LLC grew its position in RiverFront Strategic Income Fund by 7.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 66,989 shares of the company’s stock worth $1,552,000 after buying an additional 4,610 shares during the last quarter. Finally, Certified Advisory Corp grew its position in RiverFront Strategic Income Fund by 5.9% in the third quarter. Certified Advisory Corp now owns 131,630 shares of the company’s stock worth $2,916,000 after buying an additional 7,349 shares during 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.