RiverFront Strategic Income Fund (NYSEARCA:RIGS) Stock Price Up 0.5% – What’s Next?

RiverFront Strategic Income Fund (NYSEARCA:RIGS)’s stock price shot up 0.5% during mid-day trading on Monday . The stock traded as high as $23.34 and last traded at $22.80. 35,740 shares traded hands during trading, an increase of 90% from the average session volume of 18,772 shares. The stock had previously closed at $22.69.

RiverFront Strategic Income Fund Stock Performance

The business has a 50 day moving average price of $22.99 and a 200 day moving average price of $23.11.

Institutional Investors Weigh In On RiverFront Strategic Income Fund

A hedge fund recently raised its stake in RiverFront Strategic Income Fund stock. Farther Finance Advisors LLC increased its position in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 26.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,745 shares of the company’s stock after buying an additional 795 shares during the period. Farther Finance Advisors LLC owned about 0.09% of RiverFront Strategic Income Fund worth $88,000 at the end of the most recent quarter.

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.