RiverFront Strategic Income Fund (NYSEARCA:RIGS) Trading Up 0.3%

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was up 0.3% during mid-day trading on Wednesday . The company traded as high as $22.91 and last traded at $22.84. Approximately 60,314 shares traded hands during trading, an increase of 211% from the average daily volume of 19,399 shares. The stock had previously closed at $22.78.

RiverFront Strategic Income Fund Stock Performance

The stock has a 50 day simple moving average of $22.75 and a 200-day simple moving average of $22.82.

Institutional Trading of RiverFront Strategic Income Fund

A hedge fund recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC lifted its stake in RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,989 shares of the company’s stock after acquiring an additional 4,610 shares during the quarter. Janney Montgomery Scott LLC owned 1.47% of RiverFront Strategic Income Fund worth $1,552,000 as of its most recent filing with the Securities & Exchange Commission.

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.