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

RiverFront Strategic Income Fund (NYSEARCA:RIGS)’s share price was down 0.1% on Thursday . The company traded as low as $24.76 and last traded at $24.79. Approximately 86,169 shares changed hands during mid-day trading, an increase of 170% from the average daily volume of 31,951 shares. The stock had previously closed at $24.80.

The stock’s 50 day simple moving average is $24.76 and its two-hundred day simple moving average is $24.66.

An institutional investor recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC lifted its position in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 14.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,490 shares of the company’s stock after acquiring an additional 7,290 shares during the quarter. Janney Montgomery Scott LLC owned 1.24% of RiverFront Strategic Income Fund worth $1,459,000 at the end of the most recent quarter.

Further Reading: What are gap-up stocks?

Receive News & Ratings for RiverFront Strategic Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RiverFront Strategic Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.