Mendel Money Management Increases Position in Angel Oak Income ETF $CARY

Mendel Money Management raised its holdings in shares of Angel Oak Income ETF (NASDAQ:CARY) by 8.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 124,342 shares of the company’s stock after purchasing an additional 9,630 shares during the quarter. Mendel Money Management’s holdings in Angel Oak Income ETF were worth $2,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CARY. Raleigh Capital Management Inc. bought a new stake in shares of Angel Oak Income ETF during the second quarter worth $138,000. Firethorn Wealth Partners LLC lifted its position in shares of Angel Oak Income ETF by 5.1% during the second quarter. Firethorn Wealth Partners LLC now owns 10,334 shares of the company’s stock worth $215,000 after purchasing an additional 504 shares during the last quarter. Argent Trust Co lifted its position in shares of Angel Oak Income ETF by 12.8% during the first quarter. Argent Trust Co now owns 13,250 shares of the company’s stock worth $275,000 after purchasing an additional 1,500 shares during the last quarter. DAVENPORT & Co LLC bought a new stake in shares of Angel Oak Income ETF during the second quarter worth $290,000. Finally, Lewis Asset Management LLC bought a new stake in shares of Angel Oak Income ETF during the first quarter worth $352,000.

Angel Oak Income ETF Trading Up 0.0%

NASDAQ:CARY opened at $21.07 on Wednesday. The stock has a fifty day simple moving average of $20.97 and a 200-day simple moving average of $20.81. Angel Oak Income ETF has a twelve month low of $20.40 and a twelve month high of $21.30.

Angel Oak Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.1259 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. This is a boost from Angel Oak Income ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, September 30th.

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.