RiverFront Strategic Income Fund (NYSEARCA:RIGS) Shares Down 0.1%

RiverFront Strategic Income Fund (NYSEARCA:RIGS)’s stock price traded down 0.1% during trading on Tuesday . The stock traded as low as $22.65 and last traded at $22.73. 10,184 shares traded hands during trading, a decline of 57% from the average session volume of 23,663 shares. The stock had previously closed at $22.75.

RiverFront Strategic Income Fund Stock Performance

The company’s 50 day moving average is $22.89 and its 200 day moving average is $22.62.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RIGS. Certified Advisory Corp increased its stake in RiverFront Strategic Income Fund by 761.1% in the first quarter. Certified Advisory Corp now owns 123,461 shares of the company’s stock valued at $2,838,000 after purchasing an additional 109,123 shares during the period. Baird Financial Group Inc. increased its stake in RiverFront Strategic Income Fund by 158.9% in the first quarter. Baird Financial Group Inc. now owns 51,784 shares of the company’s stock valued at $1,227,000 after purchasing an additional 31,784 shares during the period. Arkansas Financial Group Inc. increased its stake in RiverFront Strategic Income Fund by 44.4% in the third quarter. Arkansas Financial Group Inc. now owns 44,611 shares of the company’s stock valued at $988,000 after purchasing an additional 13,723 shares during the period. Farther Finance Advisors LLC acquired a new position in RiverFront Strategic Income Fund in the second quarter valued at $124,000. Finally, Janney Montgomery Scott LLC increased its stake in RiverFront Strategic Income Fund by 7.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 66,989 shares of the company’s stock valued at $1,552,000 after purchasing an additional 4,610 shares during the period.

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.