Angel Oak Income ETF (NASDAQ:CARY) Hits New 1-Year Low – Time to Sell?

Angel Oak Income ETF (NASDAQ:CARY) hit a new 52-week low during trading on Tuesday . The stock traded as low as $20.56 and last traded at $20.58, with a volume of 7830 shares. The stock had previously closed at $20.60.

Angel Oak Income ETF Stock Down 0.0%

The business has a 50 day moving average of $20.74 and a two-hundred day moving average of $20.82.

Angel Oak Income ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 31st will be given a $0.0931 dividend. The ex-dividend date of this dividend is Monday, August 31st.

Institutional Trading of Angel Oak Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. bought a new position in Angel Oak Income ETF in the 4th quarter valued at about $30,000. Bank of America Corp DE bought a new stake in shares of Angel Oak Income ETF during the second quarter worth approximately $38,000. Lloyd Advisory Services LLC. acquired a new position in shares of Angel Oak Income ETF in the fourth quarter valued at approximately $118,000. Comerica Bank increased its stake in shares of Angel Oak Income ETF by 12.2% during the third quarter. Comerica Bank now owns 9,235 shares of the company’s stock worth $193,000 after purchasing an additional 1,007 shares during the period. Finally, Commonwealth Equity Services LLC bought a new position in shares of Angel Oak Income ETF during the fourth quarter worth approximately $204,000.

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.