Angel Oak Income ETF (NASDAQ:CARY – Get Free Report) announced a monthly dividend on Thursday, October 29th. Investors of record on Friday, October 30th will be paid a dividend of $0.1044 per share on Monday, November 2nd. This represents a $1.25 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, October 30th. This is a 1.9% increase from Angel Oak Income ETF’s previous monthly dividend of $0.1025.
Angel Oak Income ETF Stock Down 0.2%
Shares of Angel Oak Income ETF stock opened at $20.30 on Friday. The business has a 50-day simple moving average of $20.38 and a 200 day simple moving average of $20.73. Angel Oak Income ETF has a one year low of $20.07 and a one year high of $21.55.
Angel Oak Income ETF shares are going to reverse split before the market opens on Monday, November 16th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 15th.
Institutional Investors Weigh In On Angel Oak Income ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Angel Oak Income ETF by 103,779.5% during the first quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock valued at $102,862,000 after buying an additional 4,947,167 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of Angel Oak Income ETF by 13.7% during the first quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock worth $74,003,000 after acquiring an additional 428,745 shares in the last quarter. IFC Advisors LLC acquired a new stake in shares of Angel Oak Income ETF in the 1st quarter worth about $61,717,000. Envestnet Asset Management Inc. raised its holdings in shares of Angel Oak Income ETF by 103.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,107,410 shares of the company’s stock worth $23,012,000 after acquiring an additional 563,831 shares during the last quarter. Finally, Sage Advisory Services Ltd.Co. raised its holdings in shares of Angel Oak Income ETF by 187.2% in the 3rd quarter. Sage Advisory Services Ltd.Co. now owns 787,954 shares of the company’s stock worth $15,854,000 after acquiring an additional 513,594 shares during the last quarter.
Angel Oak Income ETF Company Profile
The Angel Oak Income ETF (CARY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that aims for current income by broadly investing in USD-denominated fixed income securities with a tilt towards structured products and residential mortgage. Securities could be of any credit quality or maturity. CARY was launched on Nov 7, 2022 and is issued by Angel Oak.
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