RiverFront Strategic Income Fund (NYSEARCA:RIGS) Trading Up 0.1% – Should You Buy?

RiverFront Strategic Income Fund (NYSEARCA:RIGS)’s stock price was up 0.1% during trading on Monday . The company traded as high as $22.73 and last traded at $22.62. 8,190 shares changed hands during trading, a decline of 18% from the average session volume of 10,029 shares. The stock had previously closed at $22.60.

RiverFront Strategic Income Fund Stock Down 0.2%

The firm has a fifty day moving average price of $22.66 and a 200 day moving average price of $22.84.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in RiverFront Strategic Income Fund stock. Claris Financial LLC purchased a new position in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 20,862 shares of the company’s stock, valued at approximately $481,000. Claris Financial LLC owned 0.68% of RiverFront Strategic Income Fund at the end of the most recent reporting period.

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.