Shares of Angel Oak Income ETF (NASDAQ:CARY – Get Free Report) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $20.33 and traded as low as $20.27. Angel Oak Income ETF shares last traded at $20.28, with a volume of 563,124 shares changing hands.
Angel Oak Income ETF Price Performance
The stock’s 50-day moving average price is $20.33 and its two-hundred day moving average price is $20.71.
Angel Oak Income ETF shares are scheduled to reverse split on the morning of 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.
Angel Oak Income ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were given a dividend of $0.1044 per share. This is an increase from Angel Oak Income ETF’s previous monthly dividend of $0.1025. The ex-dividend date of this dividend was Friday, October 30th. This represents a $1.25 dividend on an annualized basis and a yield of 6.2%.
Institutional Investors Weigh In On Angel Oak Income ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its stake in shares of Angel Oak Income ETF by 2.4% during the third quarter. Farther Finance Advisors LLC now owns 21,995 shares of the company’s stock valued at $443,000 after purchasing an additional 517 shares in the last quarter. Vista Investment Partners LLC boosted its position in shares of Angel Oak Income ETF by 10.1% in the 2nd quarter. Vista Investment Partners LLC now owns 21,291 shares of the company’s stock worth $442,000 after purchasing an additional 1,956 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Angel Oak Income ETF by 5.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 43,269 shares of the company’s stock worth $899,000 after purchasing an additional 2,081 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Angel Oak Income ETF by 13.8% in the 3rd quarter. Fifth Third Bancorp now owns 26,771 shares of the company’s stock worth $539,000 after buying an additional 3,247 shares during the last quarter. Finally, MBL Wealth LLC grew its stake in shares of Angel Oak Income ETF by 1.2% in the 3rd quarter. MBL Wealth LLC now owns 537,221 shares of the company’s stock worth $10,809,000 after buying an additional 6,606 shares during the last quarter.
About Angel Oak Income ETF
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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