Channel Wealth LLC Purchases 71,751 Shares of Angel Oak Income ETF $CARY

Channel Wealth LLC increased its position in shares of Angel Oak Income ETF (NASDAQ:CARY) by 6.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,152,894 shares of the company’s stock after buying an additional 71,751 shares during the period. Angel Oak Income ETF accounts for about 6.0% of Channel Wealth LLC’s investment portfolio, making the stock its largest holding. Channel Wealth LLC’s holdings in Angel Oak Income ETF were worth $24,010,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bank of America Corp DE bought a new position in Angel Oak Income ETF in the second quarter worth $38,000. Comerica Bank increased its holdings in shares of Angel Oak Income ETF by 12.2% in the third quarter. Comerica Bank now owns 9,235 shares of the company’s stock valued at $193,000 after purchasing an additional 1,007 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in Angel Oak Income ETF in the 3rd quarter valued at $205,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Angel Oak Income ETF during the 3rd quarter worth approximately $296,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of Angel Oak Income ETF during the third quarter worth approximately $349,000.

Angel Oak Income ETF Price Performance

CARY opened at $20.84 on Friday. The firm has a 50 day simple moving average of $20.89 and a 200 day simple moving average of $20.93. Angel Oak Income ETF has a fifty-two week low of $20.51 and a fifty-two week high of $21.55.

Angel Oak Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, May 1st. Shareholders of record on Thursday, April 30th were issued a dividend of $0.0934 per share. The ex-dividend date was Thursday, April 30th.

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.