Angel Oak Income ETF $CARY Shares Acquired by Legacy CG LLC

Legacy CG LLC lifted its position in shares of Angel Oak Income ETF (NASDAQ:CARY) by 89.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 779,939 shares of the company’s stock after purchasing an additional 367,866 shares during the period. Angel Oak Income ETF accounts for 4.0% of Legacy CG LLC’s portfolio, making the stock its 7th biggest position. Legacy CG LLC’s holdings in Angel Oak Income ETF were worth $15,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Sage Advisory Services Ltd.Co. raised its holdings in Angel Oak Income ETF by 187.2% in the 3rd quarter. Sage Advisory Services Ltd.Co. now owns 787,954 shares of the company’s stock worth $15,854,000 after purchasing an additional 513,594 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Angel Oak Income ETF in the third quarter valued at approximately $2,165,000. MBL Wealth LLC grew its holdings in Angel Oak Income ETF by 1.2% in the third quarter. MBL Wealth LLC now owns 537,221 shares of the company’s stock valued at $10,809,000 after purchasing an additional 6,606 shares during the period. Crescent Grove Advisors LLC increased its position in shares of Angel Oak Income ETF by 7.5% in the third quarter. Crescent Grove Advisors LLC now owns 604,209 shares of the company’s stock valued at $12,219,000 after buying an additional 42,412 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its position in shares of Angel Oak Income ETF by 2.6% in the third quarter. Axxcess Wealth Management LLC now owns 441,930 shares of the company’s stock valued at $8,892,000 after buying an additional 11,035 shares in the last quarter.

Angel Oak Income ETF Stock Performance

Angel Oak Income ETF stock opened at $20.29 on Wednesday. The business has a 50 day simple moving average of $20.36 and a 200-day simple moving average of $20.72. Angel Oak Income ETF has a 12 month low of $20.07 and a 12 month high of $21.55.

Shares of Angel Oak Income ETF are set to reverse split before the market opens on Monday, November 16th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 15th.

Angel Oak Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were paid a $0.1044 dividend. The ex-dividend date of this dividend was Friday, October 30th. This represents a $1.25 dividend on an annualized basis and a yield of 6.2%. This is an increase from Angel Oak Income ETF’s previous monthly dividend of $0.1025.

Angel Oak Income ETF 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.