Tortoise Investment Management LLC Acquires 9,685 Shares of Angel Oak Income ETF $CARY

Tortoise Investment Management LLC grew its stake in Angel Oak Income ETF (NASDAQ:CARY) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599,336 shares of the company’s stock after acquiring an additional 9,685 shares during the period. Angel Oak Income ETF accounts for approximately 1.2% of Tortoise Investment Management LLC’s holdings, making the stock its 23rd largest position. Tortoise Investment Management LLC owned approximately 2.27% of Angel Oak Income ETF worth $12,466,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raleigh Capital Management Inc. acquired a new position in Angel Oak Income ETF during the second quarter valued at approximately $138,000. Firethorn Wealth Partners LLC increased its position in shares of Angel Oak Income ETF by 5.1% during the 2nd 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. Huntington National Bank raised its stake in shares of Angel Oak Income ETF by 31.0% during the 2nd quarter. Huntington National Bank now owns 12,923 shares of the company’s stock worth $269,000 after purchasing an additional 3,058 shares in the last quarter. Argent Trust Co boosted its holdings in shares of Angel Oak Income ETF by 12.8% in the 1st quarter. Argent Trust Co now owns 13,250 shares of the company’s stock valued at $275,000 after buying an additional 1,500 shares during the last quarter. Finally, DAVENPORT & Co LLC bought a new position in shares of Angel Oak Income ETF in the second quarter valued at $290,000.

Angel Oak Income ETF Stock Performance

Shares of CARY opened at $20.94 on Friday. The company’s fifty day simple moving average is $20.97 and its 200 day simple moving average is $20.83. Angel Oak Income ETF has a 1-year low of $20.40 and a 1-year high of $21.30.

Angel Oak Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 31st were issued a $0.1015 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Friday, October 31st.

Angel Oak Income ETF Company 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.