Angel Oak Income ETF (NASDAQ:CARY) Reaches New 52-Week Low – Time to Sell?

Shares of Angel Oak Income ETF (NASDAQ:CARY) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $20.62 and last traded at $20.77, with a volume of 13500 shares changing hands. The stock had previously closed at $20.78.

Angel Oak Income ETF Stock Down 0.0%

The company’s 50 day moving average is $20.82 and its 200-day moving average is $20.89.

Angel Oak Income ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th will be paid a $0.1004 dividend. This is a positive change from Angel Oak Income ETF’s previous dividend of $0.09. The ex-dividend date is Tuesday, June 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CARY. Truist Financial Corp increased its holdings in shares of Angel Oak Income ETF by 0.6% during the 4th quarter. Truist Financial Corp now owns 95,399 shares of the company’s stock worth $1,987,000 after acquiring an additional 588 shares during the last quarter. J. Team Financial Inc. boosted its position in Angel Oak Income ETF by 0.9% during the fourth quarter. J. Team Financial Inc. now owns 94,104 shares of the company’s stock worth $1,960,000 after purchasing an additional 845 shares during the period. Comerica Bank boosted its position in Angel Oak Income ETF by 10.4% during the fourth quarter. Comerica Bank now owns 10,193 shares of the company’s stock worth $212,000 after purchasing an additional 958 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Angel Oak Income ETF in the fourth quarter valued at $30,000. Finally, Bank of America Corp DE acquired a new position in shares of Angel Oak Income ETF in the second quarter valued at $38,000.

About Angel Oak Income ETF

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.