Angel Oak Income ETF (NASDAQ:CARY) Trading Down 0.5% – Here’s What Happened

Angel Oak Income ETF (NASDAQ:CARY)’s share price traded down 0.5% during mid-day trading on Friday . The stock traded as low as $20.79 and last traded at $20.82. 297,520 shares were traded during mid-day trading, a decline of 25% from the average session volume of 398,515 shares. The stock had previously closed at $20.92.

Angel Oak Income ETF Price Performance

The stock’s 50 day simple moving average is $20.96 and its 200 day simple moving average is $20.96.

Angel Oak Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a dividend of $0.0798 per share. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from Angel Oak Income ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Morgan Stanley raised its stake in Angel Oak Income ETF by 49.8% during the 4th quarter. Morgan Stanley now owns 4,791,541 shares of the company’s stock worth $99,786,000 after acquiring an additional 1,593,932 shares in the last quarter. UBS Group AG grew its holdings in shares of Angel Oak Income ETF by 44.9% during the fourth quarter. UBS Group AG now owns 2,174,367 shares of the company’s stock worth $45,283,000 after purchasing an additional 673,805 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of Angel Oak Income ETF by 26.9% during the third quarter. Arkadios Wealth Advisors now owns 2,906,625 shares of the company’s stock worth $60,778,000 after purchasing an additional 615,443 shares in the last quarter. Beacon Capital Management Inc. acquired a new stake in shares of Angel Oak Income ETF during the third quarter worth about $11,274,000. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of Angel Oak Income ETF by 106.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 777,264 shares of the company’s stock valued at $16,187,000 after purchasing an additional 400,193 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.