Angel Oak Income ETF (NASDAQ:CARY) Reaches New 52-Week Low – What’s Next?

Angel Oak Income ETF (NASDAQ:CARY – Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as $20.62 and last traded at $20.62, with a volume of 6754 shares trading hands. The stock had previously closed at $20.74.

Angel Oak Income ETF Trading Down 0.6%

The company’s 50 day moving average price is $20.78 and its 200-day moving average price is $20.86.

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Angel Oak Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a $0.1004 dividend. The ex-dividend date was Tuesday, June 30th. This is an increase from Angel Oak Income ETF’s previous dividend of $0.09.

Institutional Investors Weigh In On Angel Oak Income ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. acquired a new position in shares of Angel Oak Income ETF in the 4th quarter valued at about $30,000. Bank of America Corp DE acquired a new stake in Angel Oak Income ETF during the 2nd quarter worth approximately $38,000. Lloyd Advisory Services LLC. purchased a new position in Angel Oak Income ETF in the fourth quarter valued at approximately $118,000. Comerica Bank raised its holdings in Angel Oak Income ETF by 12.2% in the third quarter. Comerica Bank now owns 9,235 shares of the company’s stock valued at $193,000 after buying an additional 1,007 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new position in Angel Oak Income ETF in the fourth quarter valued at approximately $204,000.

About Angel Oak Income ETF

(Get Free Report)

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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