Angel Oak Income ETF (NASDAQ:CARY) Hits New 1-Year Low – Here’s What Happened

Angel Oak Income ETF (NASDAQ:CARY)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $20.40 and last traded at $20.4050, with a volume of 33060 shares changing hands. The stock had previously closed at $20.48.

Angel Oak Income ETF Stock Performance

The firm’s fifty day moving average price is $20.63 and its two-hundred day moving average price is $20.75.

Angel Oak Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 31st were paid a $0.0931 dividend. The ex-dividend date was Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 5.5%. This is a drop from Angel Oak Income ETF’s previous monthly dividend of $0.1001.

Hedge Funds Weigh In On Angel Oak Income ETF

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its position in shares of Angel Oak Income ETF by 103,779.5% in 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 buying an additional 4,947,167 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Angel Oak Income ETF by 13.7% in the 1st quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock valued at $74,003,000 after acquiring an additional 428,745 shares during the period. IFC Advisors LLC purchased a new stake in Angel Oak Income ETF in the 1st quarter worth $61,717,000. Envestnet Asset Management Inc. increased its holdings in Angel Oak Income ETF by 103.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,107,410 shares of the company’s stock worth $23,012,000 after acquiring an additional 563,831 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in Angel Oak Income ETF by 1.7% during the second quarter. Baird Financial Group Inc. now owns 552,850 shares of the company’s stock worth $11,488,000 after acquiring an additional 9,022 shares during the period.

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.