Sonoma Allocations LLC Has $3.21 Million Stake in Angel Oak Income ETF $CARY

Sonoma Allocations LLC boosted its stake in Angel Oak Income ETF (NASDAQ:CARY) by 42.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,425 shares of the company’s stock after acquiring an additional 45,647 shares during the quarter. Angel Oak Income ETF accounts for 1.2% of Sonoma Allocations LLC’s portfolio, making the stock its 21st largest position. Sonoma Allocations LLC owned approximately 0.25% of Angel Oak Income ETF worth $3,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CARY. Bank of America Corp DE increased its holdings in Angel Oak Income ETF by 103,779.5% during the 1st quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock worth $102,862,000 after purchasing an additional 4,947,167 shares in the last quarter. IFC Advisors LLC bought a new stake in shares of Angel Oak Income ETF in the first quarter valued at about $61,717,000. Morgan Stanley boosted its position in shares of Angel Oak Income ETF by 49.8% during the fourth quarter. Morgan Stanley now owns 4,791,541 shares of the company’s stock worth $99,786,000 after buying an additional 1,593,932 shares during the period. UBS Group AG boosted its position in shares of Angel Oak Income ETF by 44.9% during the fourth quarter. UBS Group AG now owns 2,174,367 shares of the company’s stock worth $45,283,000 after buying an additional 673,805 shares during the period. Finally, Arkadios Wealth Advisors grew its holdings in shares of Angel Oak Income ETF by 13.7% during the first quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock worth $74,003,000 after buying an additional 428,745 shares in the last quarter.

Angel Oak Income ETF Trading Up 0.0%

NASDAQ:CARY opened at $20.68 on Friday. The stock has a 50-day simple moving average of $20.76 and a 200 day simple moving average of $20.85. Angel Oak Income ETF has a 52-week low of $20.58 and a 52-week high of $21.55.

Angel Oak Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were paid a dividend of $0.1001 per share. The ex-dividend date of this dividend was Friday, July 31st.

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.