Angel Oak Income ETF (NASDAQ:CARY) Sees Unusually-High Trading Volume – Time to Buy?

Angel Oak Income ETF (NASDAQ:CARY) saw an uptick in trading volume on Monday . 328,363 shares were traded during mid-day trading, a decline of 18% from the previous session’s volume of 398,780 shares.The stock last traded at $20.74 and had previously closed at $20.72.

Angel Oak Income ETF Price Performance

The firm has a 50 day moving average price of $20.82 and a 200 day moving average price of $20.90.

Angel Oak Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 29th were paid a $0.0876 dividend. The ex-dividend date was Friday, May 29th.

Institutional Investors Weigh In On Angel Oak Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of CARY. NewEdge Advisors LLC increased its stake in shares of Angel Oak Income ETF by 739.8% in the 1st quarter. NewEdge Advisors LLC now owns 39,892 shares of the company’s stock worth $828,000 after purchasing an additional 35,142 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Angel Oak Income ETF by 40.8% in the 2nd quarter. Raymond James Financial Inc. now owns 427,158 shares of the company’s stock worth $8,885,000 after purchasing an additional 123,795 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Angel Oak Income ETF in the 2nd quarter worth $2,296,000. Camarda Financial Advisors LLC increased its stake in shares of Angel Oak Income ETF by 7.5% in the 2nd quarter. Camarda Financial Advisors LLC now owns 102,541 shares of the company’s stock worth $2,133,000 after purchasing an additional 7,140 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Angel Oak Income ETF in the 2nd quarter worth $38,000.

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.