Angel Oak Income ETF (NASDAQ:CARY) Sees Unusually-High Trading Volume – Here’s Why

Angel Oak Income ETF (NASDAQ:CARY) shares saw unusually-high trading volume on Thursday . Approximately 1,364,247 shares traded hands during mid-day trading, an increase of 236% from the previous session’s volume of 406,452 shares.The stock last traded at $20.77 and had previously closed at $20.75.

Angel Oak Income ETF Price Performance

The firm has a fifty day moving average of $20.84 and a 200-day moving average of $20.91.

Angel Oak Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, May 1st. Investors of record on Thursday, April 30th were issued a $0.0934 dividend. The ex-dividend date was Thursday, April 30th.

Institutional Trading of Angel Oak Income ETF

Several large investors have recently added to or reduced their stakes in CARY. Bank of America Corp DE grew its stake in shares of Angel Oak Income ETF by 103,779.5% during the first quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock valued at $102,862,000 after acquiring an additional 4,947,167 shares in the last quarter. Morgan Stanley grew its stake in shares of Angel Oak Income ETF by 49.8% during the fourth quarter. Morgan Stanley now owns 4,791,541 shares of the company’s stock valued at $99,786,000 after acquiring an additional 1,593,932 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Angel Oak Income ETF by 5.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,915,782 shares of the company’s stock valued at $81,548,000 after acquiring an additional 204,673 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of Angel Oak Income ETF by 13.7% during the first quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock valued at $74,003,000 after acquiring an additional 428,745 shares in the last quarter. Finally, IFC Advisors LLC acquired a new stake in shares of Angel Oak Income ETF during the first quarter valued at about $61,717,000.

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.