Angel Oak Income ETF (NASDAQ:CARY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Angel Oak Income ETF (NASDAQ:CARY) saw an uptick in trading volume on Wednesday . 568,542 shares changed hands during mid-day trading, an increase of 44% from the previous session’s volume of 395,353 shares.The stock last traded at $20.70 and had previously closed at $20.68.

Angel Oak Income ETF Trading Up 0.1%

The stock has a 50-day moving average price of $20.76 and a 200-day moving average price of $20.85.

Angel Oak Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were paid a $0.1001 dividend. The ex-dividend date of this dividend was Friday, July 31st.

Institutional Trading of Angel Oak Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Truist Financial Corp grew its position in Angel Oak Income ETF by 0.6% during the 4th quarter. Truist Financial Corp now owns 95,399 shares of the company’s stock worth $1,987,000 after acquiring an additional 588 shares during the last quarter. J. Team Financial Inc. lifted its position in Angel Oak Income ETF by 0.9% in the fourth quarter. J. Team Financial Inc. now owns 94,104 shares of the company’s stock valued at $1,960,000 after purchasing an additional 845 shares during the last quarter. Comerica Bank lifted its position in Angel Oak Income ETF by 10.4% in the fourth quarter. Comerica Bank now owns 10,193 shares of the company’s stock valued at $212,000 after purchasing an additional 958 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Angel Oak Income ETF during the fourth quarter valued at approximately $30,000. Finally, Bank of America Corp DE purchased a new stake in shares of Angel Oak Income ETF during the second quarter valued at approximately $38,000.

Angel Oak Income ETF Company Profile

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.