Angel Oak Income ETF (NASDAQ:CARY – Get Free Report) saw unusually-strong trading volume on Thursday. 3,488,214 shares traded hands during trading, an increase of 729% from the average daily volume of 420,614 shares. The stock last traded at $20.3550 and had previously closed at $20.33.
Angel Oak Income ETF Stock Up 0.1%
The firm has a fifty day simple moving average of $20.40 and a two-hundred day simple moving average of $20.73.
Angel Oak Income ETF’s stock is going to reverse split on the morning of Monday, November 16th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 15th.
Angel Oak Income ETF Increases Dividend
The business also recently disclosed a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a $0.1025 dividend. This represents a $1.23 annualized dividend and a dividend yield of 6.0%. This is a positive change from Angel Oak Income ETF’s previous monthly dividend of $0.0931. The ex-dividend date was Wednesday, September 30th.
Institutional Investors Weigh In On Angel Oak Income ETF
Hedge funds have recently bought and sold shares of the stock. Sage Advisory Services Ltd.Co. increased its holdings in shares of Angel Oak Income ETF by 187.2% in the 3rd quarter. Sage Advisory Services Ltd.Co. now owns 787,954 shares of the company’s stock worth $15,854,000 after buying an additional 513,594 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Angel Oak Income ETF during the 3rd quarter worth $2,165,000. MBL Wealth LLC grew its position in Angel Oak Income ETF by 1.2% in the third quarter. MBL Wealth LLC now owns 537,221 shares of the company’s stock worth $10,809,000 after acquiring an additional 6,606 shares in the last quarter. Crescent Grove Advisors LLC grew its position in Angel Oak Income ETF by 7.5% in the third quarter. Crescent Grove Advisors LLC now owns 604,209 shares of the company’s stock worth $12,219,000 after acquiring an additional 42,412 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in Angel Oak Income ETF by 2.6% in the third quarter. Axxcess Wealth Management LLC now owns 441,930 shares of the company’s stock valued at $8,892,000 after acquiring an additional 11,035 shares during the last quarter.
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.
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