RiverFront Strategic Income Fund (NYSEARCA:RIGS) Shares Up 1.4% – Here’s What Happened

RiverFront Strategic Income Fund (NYSEARCA:RIGS)’s stock price shot up 1.4% on Monday . The stock traded as high as $23.31 and last traded at $23.23. 6,371 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 18,884 shares. The stock had previously closed at $22.91.

RiverFront Strategic Income Fund Stock Down 0.5 %

The stock’s 50 day moving average price is $23.10 and its two-hundred day moving average price is $23.09.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RiverFront Strategic Income Fund stock. Farther Finance Advisors LLC grew its stake in RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 26.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,745 shares of the company’s stock after acquiring an additional 795 shares during the period. Farther Finance Advisors LLC owned about 0.09% of RiverFront Strategic Income Fund worth $88,000 as of its most recent filing with the SEC.

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.