Sit Investment Associates Inc. Has $71.47 Million Holdings in Angel Oak Financial Strategies Income Term Trust (NYSE:FINS)

Posted by Nicole Kennedy on Aug 14th, 2025

Sit Investment Associates Inc. grew its stake in Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Free Report) by 2.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,301,917 shares of the company’s stock after acquiring an additional 144,353 shares during the period. Angel Oak Financial Strategies Income Term Trust accounts for approximately 1.7% of Sit Investment Associates Inc.’s holdings, making the stock its 9th largest position. Sit Investment Associates Inc.’s holdings in Angel Oak Financial Strategies Income Term Trust were worth $71,470,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in Angel Oak Financial Strategies Income Term Trust by 4.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 25,466 shares of the company’s stock valued at $323,000 after buying an additional 1,164 shares during the period. LPL Financial LLC raised its stake in Angel Oak Financial Strategies Income Term Trust by 1.0% in the fourth quarter. LPL Financial LLC now owns 132,850 shares of the company’s stock valued at $1,687,000 after buying an additional 1,284 shares during the period. Noble Wealth Management PBC increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 1.6% during the first quarter. Noble Wealth Management PBC now owns 193,715 shares of the company’s stock worth $2,611,000 after purchasing an additional 3,050 shares during the period. First Trust Advisors LP increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 14.7% during the fourth quarter. First Trust Advisors LP now owns 71,436 shares of the company’s stock worth $907,000 after purchasing an additional 9,154 shares during the period. Finally, Riverbridge Partners LLC increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 10.1% during the first quarter. Riverbridge Partners LLC now owns 117,073 shares of the company’s stock worth $1,578,000 after purchasing an additional 10,740 shares during the period.

Insider Buying and Selling

In related news, insider William Eldredge purchased 1,920 shares of Angel Oak Financial Strategies Income Term Trust stock in a transaction that occurred on Tuesday, August 5th. The shares were acquired at an average price of $13.10 per share, with a total value of $25,152.00. Following the completion of the transaction, the insider directly owned 2,940 shares of the company’s stock, valued at $38,514. This represents a 188.24% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alvin R. Albe, Jr. purchased 20,000 shares of Angel Oak Financial Strategies Income Term Trust stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average cost of $13.12 per share, for a total transaction of $262,400.00. Following the transaction, the director directly owned 20,000 shares of the company’s stock, valued at $262,400. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 22,920 shares of company stock worth $300,382 in the last three months.

Angel Oak Financial Strategies Income Term Trust Trading Up 0.1%

Shares of NYSE FINS opened at $13.21 on Thursday. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $12.21 and a 1-year high of $13.64. The business’s 50 day moving average is $12.97 and its 200-day moving average is $13.15.

Angel Oak Financial Strategies Income Term Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.115 per share. This is an increase from Angel Oak Financial Strategies Income Term Trust’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend is Friday, August 15th.