NewEdge Wealth LLC Boosts Stake in Angel Oak Mortgage-Backed Securities ETF $MBS

NewEdge Wealth LLC increased its holdings in shares of Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) by 7.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,592,750 shares of the company’s stock after acquiring an additional 189,635 shares during the period. NewEdge Wealth LLC owned approximately 14.62% of Angel Oak Mortgage-Backed Securities ETF worth $22,453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. RFG Advisory LLC raised its holdings in Angel Oak Mortgage-Backed Securities ETF by 5.0% in the 1st quarter. RFG Advisory LLC now owns 135,472 shares of the company’s stock worth $1,173,000 after purchasing an additional 6,393 shares during the period. Osaic Holdings Inc. grew its holdings in Angel Oak Mortgage-Backed Securities ETF by 0.8% in the fourth quarter. Osaic Holdings Inc. now owns 7,006,460 shares of the company’s stock valued at $61,271,000 after purchasing an additional 52,792 shares during the period. MML Investors Services LLC grew its holdings in Angel Oak Mortgage-Backed Securities ETF by 1,000.0% in the fourth quarter. MML Investors Services LLC now owns 308,179 shares of the company’s stock valued at $2,695,000 after purchasing an additional 280,162 shares during the period. LPL Financial LLC grew its holdings in Angel Oak Mortgage-Backed Securities ETF by 54.6% in the fourth quarter. LPL Financial LLC now owns 132,385 shares of the company’s stock valued at $1,158,000 after purchasing an additional 46,734 shares during the period. Finally, Weaver Consulting Group purchased a new stake in shares of Angel Oak Mortgage-Backed Securities ETF in the fourth quarter valued at approximately $271,000.

Angel Oak Mortgage-Backed Securities ETF Stock Down 0.3%

Shares of MBS stock opened at $8.57 on Thursday. The stock has a 50 day simple moving average of $8.62 and a 200-day simple moving average of $8.71. Angel Oak Mortgage-Backed Securities ETF has a 1-year low of $8.52 and a 1-year high of $9.16.

Angel Oak Mortgage-Backed Securities ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a $0.0398 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This is a boost from Angel Oak Mortgage-Backed Securities ETF’s previous dividend of $0.04.

Angel Oak Mortgage-Backed Securities ETF Profile

The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.