Islay Capital Management LLC Acquires 61,950 Shares of Angel Oak Income ETF $CARY

Islay Capital Management LLC increased its holdings in Angel Oak Income ETF (NASDAQ:CARY) by 227.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 89,150 shares of the company’s stock after purchasing an additional 61,950 shares during the quarter. Islay Capital Management LLC’s holdings in Angel Oak Income ETF were worth $1,857,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Morgan Stanley raised its stake in Angel Oak Income ETF by 49.8% in the fourth quarter. Morgan Stanley now owns 4,791,541 shares of the company’s stock worth $99,786,000 after buying an additional 1,593,932 shares in the last quarter. Wells Fargo & Company MN raised its stake in Angel Oak Income ETF by 5.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,915,782 shares of the company’s stock worth $81,548,000 after buying an additional 204,673 shares in the last quarter. Arkadios Wealth Advisors raised its stake in Angel Oak Income ETF by 7.8% in the fourth quarter. Arkadios Wealth Advisors now owns 3,133,739 shares of the company’s stock worth $65,262,000 after buying an additional 227,114 shares in the last quarter. UBS Group AG raised its stake in Angel Oak Income ETF by 44.9% in the fourth quarter. UBS Group AG now owns 2,174,367 shares of the company’s stock worth $45,283,000 after buying an additional 673,805 shares in the last quarter. Finally, Advocacy Wealth Management LLC raised its stake in Angel Oak Income ETF by 3.3% in the third quarter. Advocacy Wealth Management LLC now owns 2,125,626 shares of the company’s stock worth $44,447,000 after buying an additional 67,301 shares in the last quarter.

Angel Oak Income ETF Price Performance

Shares of NASDAQ:CARY opened at $20.82 on Tuesday. The firm has a 50 day moving average of $20.82 and a 200 day moving average of $20.90. Angel Oak Income ETF has a 52 week low of $20.65 and a 52 week high of $21.55.

Angel Oak Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 29th were issued a $0.0876 dividend. The ex-dividend date of this dividend was Friday, May 29th.

Angel Oak Income ETF 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.