513,594 Angel Oak Income ETF $CARY Shares Acquired by Sage Advisory Services Ltd.Co.

Sage Advisory Services Ltd.Co. increased its position in shares of Angel Oak Income ETF (NASDAQ:CARY) by 187.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 787,954 shares of the company’s stock after buying an additional 513,594 shares during the quarter. Angel Oak Income ETF accounts for 8.5% of Sage Advisory Services Ltd.Co.’s portfolio, making the stock its 3rd biggest holding. Sage Advisory Services Ltd.Co. owned approximately 1.10% of Angel Oak Income ETF worth $15,854,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CARY. Bank of America Corp DE lifted its holdings in shares of Angel Oak Income ETF by 103,779.5% during the first quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock valued at $102,862,000 after acquiring an additional 4,947,167 shares during the period. Arkadios Wealth Advisors raised its stake in shares of Angel Oak Income ETF by 13.7% in the first quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock worth $74,003,000 after acquiring an additional 428,745 shares during the last quarter. IFC Advisors LLC bought a new position in Angel Oak Income ETF in the 1st quarter valued at $61,717,000. Envestnet Asset Management Inc. boosted its holdings in Angel Oak Income ETF by 103.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,107,410 shares of the company’s stock valued at $23,012,000 after acquiring an additional 563,831 shares during the last quarter. Finally, Crescent Grove Advisors LLC increased its position in Angel Oak Income ETF by 7.5% in the third quarter. Crescent Grove Advisors LLC now owns 604,209 shares of the company’s stock worth $12,219,000 after purchasing an additional 42,412 shares during the period.

Angel Oak Income ETF Stock Performance

Shares of Angel Oak Income ETF stock opened at $20.30 on Monday. Angel Oak Income ETF has a 52 week low of $20.07 and a 52 week high of $21.55. The firm has a fifty day moving average of $20.38 and a two-hundred day moving average of $20.73.

Angel Oak Income ETF shares are scheduled to reverse split on the morning of Monday, November 16th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 15th.

Angel Oak Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Friday, October 30th will be issued a $0.1044 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change from Angel Oak Income ETF’s previous monthly dividend of $0.1025.

Angel Oak Income ETF Company Profile

The Angel Oak Income ETF (CARY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by broadly investing in USD-denominated fixed income securities with a tilt towards structured products and residential mortgage. Securities could be of any credit quality or maturity. CARY was launched on Nov 7, 2022 and is issued by Angel Oak.