RiverFront Strategic Income Fund (NYSEARCA:RIGS) Trading Down 0.2% – Here’s Why

RiverFront Strategic Income Fund (NYSEARCA:RIGS) dropped 0.2% during trading on Friday . The company traded as low as $23.04 and last traded at $23.11. Approximately 13,834 shares were traded during trading, a decline of 57% from the average daily volume of 32,287 shares. The stock had previously closed at $23.16.

RiverFront Strategic Income Fund Stock Down 0.2%

The stock’s 50 day moving average price is $23.27 and its 200-day moving average price is $23.09.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in RiverFront Strategic Income Fund stock. Summit Financial LLC bought a new stake in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,652 shares of the company’s stock, valued at approximately $408,000. Summit Financial LLC owned approximately 0.45% of RiverFront Strategic Income Fund at the end of the most recent 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.