Shares of Angel Oak Income ETF (NASDAQ:CARY – Free Report) are scheduled to reverse split before the market opens on Monday, November 16th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 15th.
Angel Oak Income ETF Price Performance
NASDAQ CARY opened at $20.27 on Thursday. Angel Oak Income ETF has a 52-week low of $20.07 and a 52-week high of $21.55. The business has a 50 day simple moving average of $20.32 and a 200 day simple moving average of $20.70.
Angel Oak Income ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were issued a dividend of $0.1044 per share. The ex-dividend date was Friday, October 30th. This is a positive change from Angel Oak Income ETF’s previous monthly dividend of $0.1025. This represents a $1.25 annualized dividend and a yield of 6.2%.
Institutional Investors Weigh In On Angel Oak Income ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in shares of Angel Oak Income ETF by 103,779.5% in 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 purchasing an additional 4,947,167 shares during the period. Arkadios Wealth Advisors grew its position in Angel Oak Income ETF by 13.7% during the 1st quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock worth $74,003,000 after acquiring an additional 428,745 shares during the last quarter. Channel Wealth LLC increased its position in Angel Oak Income ETF by 4.8% in the 3rd quarter. Channel Wealth LLC now owns 1,404,230 shares of the company’s stock valued at $28,253,000 after acquiring an additional 64,880 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Angel Oak Income ETF by 103.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,107,410 shares of the company’s stock worth $23,012,000 after acquiring an additional 563,831 shares during the last quarter. Finally, Sage Advisory Services Ltd.Co. raised its stake in Angel Oak Income ETF by 187.2% during the third quarter. Sage Advisory Services Ltd.Co. now owns 787,954 shares of the company’s stock worth $15,854,000 after buying an additional 513,594 shares during the last quarter.
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.
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