Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Get Free Report) declared a monthly dividend on Monday, November 2nd. Investors of record on Monday, November 16th will be paid a dividend of $0.1150 per share on Monday, November 30th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date is Monday, November 16th.
Angel Oak Financial Strategies Income Term Trust Price Performance
Shares of NYSE FINS opened at $12.03 on Tuesday. The stock’s 50-day moving average is $12.15 and its 200 day moving average is $12.66. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $11.61 and a 1-year high of $13.45.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in FINS. Chicago Partners Investment Group LLC bought a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 3rd quarter valued at $194,000. Mountain Hill Investment Partners Corp. lifted its stake in Angel Oak Financial Strategies Income Term Trust by 30.0% in the third quarter. Mountain Hill Investment Partners Corp. now owns 4,333 shares of the company’s stock worth $52,000 after purchasing an additional 1,000 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Angel Oak Financial Strategies Income Term Trust by 25.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 300,777 shares of the company’s stock valued at $3,850,000 after acquiring an additional 61,374 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter valued at approximately $46,000. Finally, Citadel Advisors LLC purchased a new stake in Angel Oak Financial Strategies Income Term Trust during the 2nd quarter valued at $139,000.
About Angel Oak Financial Strategies Income Term Trust
Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) is a closed-end investment company managed by Angel Oak Capital Advisors, LLC. The fund seeks to provide current income and, as a secondary objective, capital appreciation by investing primarily in debt and other income-producing securities issued by or associated with financial institutions and financial services companies.
FINS may invest across a range of financial assets, including bank loans, corporate debt, mortgage-related securities, structured credit and other securities linked to the financial sector.
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