Shares of Angel Oak Income ETF (NASDAQ:CARY – Get Free Report) saw strong trading volume on Wednesday. Approximately 1,264,966 shares were traded during trading, an increase of 201% from the previous session’s volume of 420,165 shares. The stock last traded at $20.2450 and had previously closed at $20.22.
Angel Oak Income ETF Trading Up 0.1%
The business has a 50-day moving average price of $20.44 and a 200-day moving average price of $20.67.
Shares of Angel Oak Income ETF are scheduled to reverse split on the morning of Monday, November 16th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 15th.
Angel Oak Income ETF Increases Dividend
The company also recently announced a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a $0.1025 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.23 annualized dividend and a yield of 6.1%. This is an increase from Angel Oak Income ETF’s previous monthly dividend of $0.0931.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Everest Financial Group LLC acquired a new position in shares of Angel Oak Income ETF during the 1st quarter worth approximately $255,000. Oregon Pacific Wealth Management LLC purchased a new position in Angel Oak Income ETF in the third quarter valued at about $270,000. Ameritas Advisory Services LLC acquired a new stake in Angel Oak Income ETF during the 2nd quarter valued at $288,000. First Heartland Consultants Inc. purchased a new stake in Angel Oak Income ETF during the 3rd quarter worth approximately $320,000. Finally, Independent Wealth Network Inc. bought a new position in shares of Angel Oak Income ETF during the third quarter worth about $366,000.
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.
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