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

Angel Oak Income ETF (NASDAQ:CARY) saw strong trading volume on Friday . 967,502 shares traded hands during trading, an increase of 155% from the previous session’s volume of 379,748 shares.The stock last traded at $20.84 and had previously closed at $20.83.

Angel Oak Income ETF Stock Performance

The business’s 50 day simple moving average is $20.93 and its 200 day simple moving average is $20.94.

Angel Oak Income ETF Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.107 per share. The ex-dividend date of this dividend was Tuesday, March 31st.

Hedge Funds Weigh In On Angel Oak Income ETF

Institutional investors have recently bought and sold shares of the company. Morgan Stanley raised its position in Angel Oak Income ETF by 49.8% in the fourth quarter. Morgan Stanley now owns 4,791,541 shares of the company’s stock valued at $99,786,000 after purchasing an additional 1,593,932 shares during the period. Wells Fargo & Company MN raised its position in Angel Oak Income ETF by 5.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,915,782 shares of the company’s stock valued at $81,548,000 after purchasing an additional 204,673 shares during the period. Arkadios Wealth Advisors raised its position in Angel Oak Income ETF by 7.8% in the fourth quarter. Arkadios Wealth Advisors now owns 3,133,739 shares of the company’s stock valued at $65,262,000 after purchasing an additional 227,114 shares during the period. UBS Group AG raised its position in 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 valued at $45,283,000 after purchasing an additional 673,805 shares during the period. Finally, Advocacy Wealth Management LLC raised its position in Angel Oak Income ETF by 3.3% in the third quarter. Advocacy Wealth Management LLC now owns 2,125,626 shares of the company’s stock valued at $44,447,000 after purchasing an additional 67,301 shares during the period.

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.