Shares of Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS – Free Report) are scheduled to reverse split before the market opens on Monday, November 16th. The 1-7 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 Mortgage-Backed Securities ETF Price Performance
Shares of MBS stock opened at $8.35 on Friday. The stock has a 50 day simple moving average of $8.32 and a 200-day simple moving average of $8.59. Angel Oak Mortgage-Backed Securities ETF has a 12-month low of $8.13 and a 12-month high of $9.16.
Angel Oak Mortgage-Backed Securities ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were given a dividend of $0.0384 per share. The ex-dividend date of this dividend was Friday, October 30th. This is a positive change from Angel Oak Mortgage-Backed Securities ETF’s previous monthly dividend of $0.0382. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.5%.
Institutional Investors Weigh In On Angel Oak Mortgage-Backed Securities ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada bought a new position in Angel Oak Mortgage-Backed Securities ETF during the 1st quarter worth approximately $51,000. United Asset Strategies Inc. grew its position in shares of Angel Oak Mortgage-Backed Securities ETF by 6.2% in the 3rd quarter. United Asset Strategies Inc. now owns 121,380 shares of the company’s stock worth $992,000 after acquiring an additional 7,106 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Angel Oak Mortgage-Backed Securities ETF by 1.0% in the 1st quarter. NewEdge Advisors LLC now owns 776,865 shares of the company’s stock valued at $6,728,000 after acquiring an additional 7,586 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Angel Oak Mortgage-Backed Securities ETF in the 3rd quarter valued at approximately $83,000. Finally, RFG Advisory LLC increased its holdings in shares of Angel Oak Mortgage-Backed Securities ETF by 8.1% in the 2nd quarter. RFG Advisory LLC now owns 146,457 shares of the company’s stock valued at $1,264,000 after acquiring an additional 10,985 shares during the last quarter.
Angel Oak Mortgage-Backed Securities ETF Company Profile
The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.
Read More
- Five stocks we like better than Angel Oak Mortgage-Backed Securities ETF
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for Angel Oak Mortgage-Backed Securities ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Angel Oak Mortgage-Backed Securities ETF and related companies with MarketBeat.com's FREE daily email newsletter.
