RiverFront Strategic Income Fund (NYSEARCA:RIGS) Shares Up 0.4% – Still a Buy?

RiverFront Strategic Income Fund (NYSEARCA:RIGS) shares shot up 0.4% during trading on Monday . The company traded as high as $22.87 and last traded at $22.80. 5,064 shares traded hands during trading, a decline of 60% from the average session volume of 12,506 shares. The stock had previously closed at $22.71.

RiverFront Strategic Income Fund Price Performance

The stock’s 50 day simple moving average is $22.92 and its 200-day simple moving average is $23.11.

Institutional Investors Weigh In On RiverFront Strategic Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in shares of RiverFront Strategic Income Fund by 26.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,745 shares of the company’s stock worth $88,000 after purchasing an additional 795 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of RiverFront Strategic Income Fund by 5.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 40,077 shares of the company’s stock worth $927,000 after purchasing an additional 2,111 shares during the last quarter. Finally, Arkansas Financial Group Inc. grew its holdings in shares of RiverFront Strategic Income Fund by 15.2% in the 3rd quarter. Arkansas Financial Group Inc. now owns 80,947 shares of the company’s stock worth $1,900,000 after purchasing an additional 10,686 shares during the last quarter.

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.