Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Declares $0.06 Dividend

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) announced a dividend on Thursday, May 28th, NASDAQ Dividends reports. Shareholders of record on Friday, May 29th will be paid a dividend of 0.0581 per share on Monday, June 1st. The ex-dividend date is Friday, May 29th.

Angel Oak High Yield Opportunities ETF Stock Down 0.4%

NASDAQ:AOHY traded down $0.04 during mid-day trading on Friday, reaching $11.07. 37,637 shares of the company were exchanged, compared to its average volume of 62,037. Angel Oak High Yield Opportunities ETF has a 12 month low of $10.86 and a 12 month high of $11.29. The company has a fifty day moving average of $11.04 and a 200 day moving average of $11.10. The stock has a market cap of $120.77 million, a PE ratio of 2.33 and a beta of 0.19.

Institutional Investors Weigh In On Angel Oak High Yield Opportunities ETF

Hedge funds have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors boosted its stake in shares of Angel Oak High Yield Opportunities ETF by 12.3% in the 1st quarter. Arkadios Wealth Advisors now owns 3,857,687 shares of the company’s stock valued at $42,165,000 after purchasing an additional 422,647 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Angel Oak High Yield Opportunities ETF by 588.5% in the 1st quarter. Royal Bank of Canada now owns 12,910 shares of the company’s stock valued at $141,000 after purchasing an additional 11,035 shares during the last quarter. NewEdge Wealth LLC boosted its stake in shares of Angel Oak High Yield Opportunities ETF by 8.2% in the 1st quarter. NewEdge Wealth LLC now owns 374,657 shares of the company’s stock valued at $4,095,000 after purchasing an additional 28,499 shares during the last quarter. Avantax Planning Partners Inc. bought a new position in shares of Angel Oak High Yield Opportunities ETF in the 1st quarter valued at about $244,000. Finally, Lewis Asset Management LLC bought a new position in shares of Angel Oak High Yield Opportunities ETF in the 1st quarter valued at about $286,000.

About Angel Oak High Yield Opportunities ETF

The Angel Oak High Yield Opportunities ETF (AOHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that provides broad exposure to high-yield fixed-income securities, globally. The fund seeks a high level of current income, and to a lesser extent, capital appreciation. AOHY was launched on Feb 20, 2024 and is issued by Angel Oak.