Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Get Free Report) Portfolio Manager Kevin Parks acquired 1,000 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were acquired at an average price of $12.53 per share, for a total transaction of $12,530.00. Following the acquisition, the portfolio manager directly owned 6,667 shares in the company, valued at $83,537.51. This represents a 17.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Angel Oak Financial Strategies Income Term Trust Stock Performance
FINS stock traded down $0.05 during mid-day trading on Monday, hitting $12.44. 9,488 shares of the company were exchanged, compared to its average volume of 46,271. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $12.38 and a 1-year high of $13.55. The firm’s 50 day simple moving average is $12.64 and its 200 day simple moving average is $12.73.
Angel Oak Financial Strategies Income Term Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 11.1%.
Institutional Inflows and Outflows
About Angel Oak Financial Strategies Income Term Trust
Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) is a closed-end, diversified management investment trust that commenced operations in early 2023. Organized as a Delaware statutory trust, FINS is structured with a defined termination date, at which point the trust will liquidate and distribute remaining assets to shareholders. Shares of the trust trade on the New York Stock Exchange, providing investors access to a yield-oriented portfolio through a single security.
The trust seeks to generate current income principally through investments in a broad array of structured credit instruments.
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