RiverFront Strategic Income Fund (NYSEARCA:RIGS) Shares Up 0.3% – What’s Next?

Posted by Donna Armstrong on Nov 19th, 2024

RiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report)’s stock price rose 0.3% on Monday . The company traded as high as $23.14 and last traded at $23.04. Approximately 9,563 shares changed hands during trading, a decline of 50% from the average daily volume of 19,094 shares. The stock had previously closed at $22.98.

RiverFront Strategic Income Fund Stock Performance

The firm’s 50 day moving average price is $23.25 and its two-hundred day moving average price is $23.05.

Hedge Funds Weigh In On RiverFront Strategic Income Fund

A hedge fund recently raised its stake in RiverFront Strategic Income Fund stock. Farther Finance Advisors LLC lifted its position in RiverFront Strategic Income Fund (NYSEARCA:RIGS – Free Report) by 26.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,745 shares of the company’s stock after buying an additional 795 shares during the quarter. Farther Finance Advisors LLC owned about 0.09% of RiverFront Strategic Income Fund worth $88,000 as of its most recent SEC filing.

RiverFront Strategic Income Fund Company Profile

(Get Free Report)

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.