Angel Oak Income ETF (NASDAQ:CARY) Sees Unusually-High Trading Volume – Here’s What Happened

Angel Oak Income ETF (NASDAQ:CARY) saw an uptick in trading volume on Thursday . 1,364,247 shares traded hands during trading, an increase of 236% from the previous session’s volume of 406,452 shares.The stock last traded at $20.77 and had previously closed at $20.75.

Angel Oak Income ETF Price Performance

The firm has a fifty day moving average of $20.85 and a 200-day moving average of $20.91.

Angel Oak Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, May 1st. Stockholders of record on Thursday, April 30th were paid a $0.0934 dividend. The ex-dividend date was Thursday, April 30th.

Hedge Funds Weigh In On Angel Oak Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in Angel Oak Income ETF by 103,779.5% in the 1st 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 purchased a new stake in shares of Angel Oak Income ETF during the first quarter worth about $61,717,000. Morgan Stanley increased its position in shares of Angel Oak Income ETF by 49.8% during the fourth 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 during the last quarter. UBS Group AG lifted its stake in shares of Angel Oak Income ETF by 44.9% in the fourth quarter. UBS Group AG now owns 2,174,367 shares of the company’s stock worth $45,283,000 after acquiring an additional 673,805 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of Angel Oak Income ETF by 13.7% in the first 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 in 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.