Shares of Angel Oak Income ETF (NASDAQ:CARY – Free Report) are set 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 market closes on Sunday, November 15th.
Angel Oak Income ETF Trading Down 0.0%
Shares of Angel Oak Income ETF stock opened at $20.29 on Wednesday. Angel Oak Income ETF has a 1 year low of $20.07 and a 1 year high of $21.55. The company has a 50 day simple moving average of $20.36 and a two-hundred day simple moving average of $20.72.
Angel Oak Income ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were paid a $0.1044 dividend. 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%. This is a boost from Angel Oak Income ETF’s previous monthly dividend of $0.1025.
Institutional Trading of Angel Oak Income ETF
A number of hedge funds have recently made changes to their positions in CARY. Bank of America Corp DE boosted its stake in Angel Oak Income ETF by 103,779.5% in the first quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock worth $102,862,000 after buying an additional 4,947,167 shares in the last quarter. IFC Advisors LLC bought a new position in Angel Oak Income ETF during the first quarter valued at approximately $61,717,000. Envestnet Asset Management Inc. raised its stake in shares of Angel Oak Income ETF by 103.7% during the second 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 in the last quarter. Sage Advisory Services Ltd.Co. raised its stake in shares of Angel Oak Income ETF by 187.2% during the third 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 in the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in shares of Angel Oak Income ETF by 13.7% in the 1st 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 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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