Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Shares Will Pay Monthly Dividend of $0.12

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Get Free Report) declared a monthly dividend on Wednesday, September 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $0.1150 per share on Friday, October 30th. This represents a $1.38 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Friday, October 16th.

Angel Oak Financial Strategies Income Term Trust Price Performance

FINS stock opened at $11.95 on Thursday. Angel Oak Financial Strategies Income Term Trust has a one year low of $11.85 and a one year high of $13.45. The company’s 50 day moving average price is $12.46 and its two-hundred day moving average price is $12.65.

Hedge Funds Weigh In On Angel Oak Financial Strategies Income Term Trust

Large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its holdings in Angel Oak Financial Strategies Income Term Trust by 25.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 300,777 shares of the company’s stock valued at $3,850,000 after buying an additional 61,374 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Angel Oak Financial Strategies Income Term Trust in the 2nd quarter worth $46,000. Citadel Advisors LLC purchased a new position in shares of Angel Oak Financial Strategies Income Term Trust in the second quarter valued at about $139,000. Corient Private Wealth LP increased its position in shares of Angel Oak Financial Strategies Income Term Trust by 35.6% in the second quarter. Corient Private Wealth LP now owns 40,666 shares of the company’s stock valued at $521,000 after acquiring an additional 10,666 shares during the period. Finally, Susquehanna International Group LLP bought a new position in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter valued at about $145,000.

Angel Oak Financial Strategies Income Term Trust Company Profile

(Get Free Report)

Angel Oak Financial Strategies Income Term Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol FINS. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing primarily in debt instruments and other income-producing assets associated with the financial services sector.

Its portfolio may include residential mortgage-backed securities, asset-backed securities, collateralized loan obligations, corporate debt and other structured or credit-related investments.

Further Reading

Dividend History for Angel Oak Financial Strategies Income Term Trust (NYSE:FINS)

Receive News & Ratings for Angel Oak Financial Strategies Income Term Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Angel Oak Financial Strategies Income Term Trust and related companies with MarketBeat.com's FREE daily email newsletter.