Angel Oak Income ETF (NASDAQ:CARY) Reaches New 1-Year Low – What’s Next?

Shares of Angel Oak Income ETF (NASDAQ:CARY) hit a new 52-week low during mid-day trading on Monday. The company traded as low as $20.07 and last traded at $20.11, with a volume of 671238 shares traded. The stock had previously closed at $20.11.

Angel Oak Income ETF Stock Performance

The company has a 50 day moving average of $20.54 and a 200-day moving average of $20.71.

Angel Oak Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a $0.1025 dividend. This represents a $1.23 annualized dividend and a dividend yield of 6.1%. This is a positive change from Angel Oak Income ETF’s previous monthly dividend of $0.0931. The ex-dividend date was Wednesday, September 30th.

Institutional Investors Weigh In On Angel Oak Income ETF

Several hedge funds have recently bought and sold shares of CARY. Vista Investment Partners LLC boosted its stake in shares of Angel Oak Income ETF by 10.1% in the 2nd quarter. Vista Investment Partners LLC now owns 21,291 shares of the company’s stock valued at $442,000 after purchasing an additional 1,956 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Angel Oak Income ETF by 5.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 43,269 shares of the company’s stock valued at $899,000 after purchasing an additional 2,081 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Angel Oak Income ETF by 11.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 60,188 shares of the company’s stock worth $1,250,000 after purchasing an additional 6,093 shares during the period. Noble Wealth Management PBC raised its position in Angel Oak Income ETF by 8.6% in the 3rd quarter. Noble Wealth Management PBC now owns 105,634 shares of the company’s stock worth $2,125,000 after purchasing an additional 8,373 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in Angel Oak Income ETF by 1.7% in the second quarter. Baird Financial Group Inc. now owns 552,850 shares of the company’s stock worth $11,488,000 after purchasing an additional 9,022 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.