Angel Oak Income ETF (NASDAQ:CARY) Hits New 52-Week Low – What’s Next?

Angel Oak Income ETF (NASDAQ:CARY)’s share price reached a new 52-week low on Wednesday . The company traded as low as $20.40 and last traded at $20.4050, with a volume of 33060 shares traded. The stock had previously closed at $20.48.

Angel Oak Income ETF Price Performance

The company has a 50-day moving average price of $20.65 and a 200-day moving average price of $20.76.

Angel Oak Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 31st were paid a dividend of $0.0931 per share. The ex-dividend date was Monday, August 31st. This represents a c) annualized dividend and a yield of 5.5%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CARY. Hantz Financial Services Inc. acquired a new position in Angel Oak Income ETF during the 4th quarter valued at $30,000. Everest Financial Group LLC acquired a new stake in Angel Oak Income ETF in the 1st quarter worth $255,000. Ameritas Advisory Services LLC bought a new position in shares of Angel Oak Income ETF during the 2nd quarter worth about $288,000. Fifth Third Bancorp bought a new position in shares of Angel Oak Income ETF during the 1st quarter worth about $429,000. Finally, Vista Investment Partners LLC raised its position in shares of Angel Oak Income ETF by 10.1% during the second quarter. Vista Investment Partners LLC now owns 21,291 shares of the company’s stock valued at $442,000 after buying an additional 1,956 shares during the last quarter.

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. Securities could be of any credit quality or maturity. CARY was launched on Nov 7, 2022 and is issued by Angel Oak.