Angel Oak Financial Strategies Income Term Trust (FINS) To Go Ex-Dividend on February 13th

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.115 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend is Friday, February 13th.

Angel Oak Financial Strategies Income Term Trust Stock Performance

FINS stock opened at $13.30 on Wednesday. The firm’s 50-day moving average is $13.18 and its two-hundred day moving average is $13.16. Angel Oak Financial Strategies Income Term Trust has a 52 week low of $12.21 and a 52 week high of $13.64.

Hedge Funds Weigh In On Angel Oak Financial Strategies Income Term Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Asset Management LLC bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the 4th quarter worth $343,000. Choreo LLC raised its position in Angel Oak Financial Strategies Income Term Trust by 5.0% in the fourth quarter. Choreo LLC now owns 28,746 shares of the company’s stock worth $379,000 after acquiring an additional 1,365 shares in the last quarter. Riverbridge Partners LLC lifted its holdings in Angel Oak Financial Strategies Income Term Trust by 72.7% in the 4th quarter. Riverbridge Partners LLC now owns 215,510 shares of the company’s stock valued at $2,847,000 after acquiring an additional 90,756 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Angel Oak Financial Strategies Income Term Trust by 17.5% during the 3rd quarter. Raymond James Financial Inc. now owns 94,082 shares of the company’s stock valued at $1,233,000 after purchasing an additional 13,987 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Angel Oak Financial Strategies Income Term Trust by 25.3% during the 3rd quarter. First Trust Advisors LP now owns 175,967 shares of the company’s stock valued at $2,307,000 after purchasing an additional 35,568 shares in the last quarter.

About Angel Oak Financial Strategies Income Term Trust

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) is a closed-end, diversified management investment trust that commenced operations in early 2023. Organized as a Delaware statutory trust, FINS is structured with a defined termination date, at which point the trust will liquidate and distribute remaining assets to shareholders. Shares of the trust trade on the New York Stock Exchange, providing investors access to a yield-oriented portfolio through a single security.

The trust seeks to generate current income principally through investments in a broad array of structured credit instruments.