Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Get Free Report) announced a monthly dividend on Wednesday, September 30th. Stockholders of record on Friday, October 16th will be paid a dividend of $0.1150 per share on Friday, October 30th. This represents a $1.38 annualized dividend and a dividend yield of 11.5%. The ex-dividend date is Friday, October 16th.
Angel Oak Financial Strategies Income Term Trust Price Performance
Shares of NYSE FINS opened at $12.03 on Wednesday. Angel Oak Financial Strategies Income Term Trust has a 52 week low of $11.82 and a 52 week high of $13.45. The company’s 50-day moving average price is $12.36 and its 200 day moving average price is $12.60.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of FINS. GHP Investment Advisors Inc. acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust in the first quarter worth $32,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the second quarter valued at $46,000. Fifth Third Bancorp acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the first quarter valued at $57,000. Citadel Advisors LLC acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter valued at $139,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter valued at $145,000.
Angel Oak Financial Strategies Income Term Trust Company Profile
Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) is a non-diversified, closed-end investment company managed by Angel Oak Capital Advisors, LLC. The fund seeks to provide investors with current income and, as a secondary objective, capital appreciation through a portfolio focused primarily on the financial services sector.
FINS invests in a range of income-producing financial securities, which may include corporate debt, bank loans, mortgage-related securities, asset-backed securities, collateralized loan obligations and other debt or equity investments issued by financial institutions and related companies.
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