RiverFront Strategic Income Fund (NYSEARCA:RIGS) Trading Up 0.5% – Should You Buy?

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

RiverFront Strategic Income Fund Trading Up 0.5 %

The company has a 50 day simple moving average of $22.99 and a 200-day simple moving average of $23.10.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RiverFront Strategic Income Fund stock. Arkansas Financial Group Inc. increased its stake in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 15.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,947 shares of the company’s stock after buying an additional 10,686 shares during the quarter. Arkansas Financial Group Inc. owned about 1.89% of RiverFront Strategic Income Fund worth $1,900,000 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.