RiverFront Strategic Income Fund (NYSEARCA:RIGS) Shares Down 0.5% – What’s Next?

RiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report ) traded down 0.5% during trading on Friday. The stock traded as high as $23.21 and last traded at $23.25. 11,717 shares were traded mid-day, down 37% from the session’s average volume of 18,666 shares. Shares previously closed at $23.36.

RiverFront Strategic Income Fund fell 0.5%

The firm has a fifty day moving average price of $23.36 and a 200 day moving average price of $22.96.

Institutional inputs and outputs

A hedge fund recently increased its stake in shares of RiverFront Strategic Income Fund. Arkansas Financial Group Inc. boosted its stake in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS – Free Report) by 37.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,581 shares of the company’s stock after purchasing an additional 17,987 shares during the quarter. Arkansas Financial Group Inc. owned 1.49% of RiverFront Strategic Income Fund worth $1,523,000 as of its most recent SEC filing.

About RiverFront Strategic Income Fund

(Get a free report)

RiverFront Strategic Income Fund (RIGS) is an exchange-traded fund that invests primarily in 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 October 9, 2013 and is managed by RiverFront.

Further reading

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