Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Stock Price Up 0.4% – What’s Next?

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) rose 0.4% on Monday . The company traded as high as $12.71 and last traded at $12.69. Approximately 32,723 shares were traded during trading, a decline of 32% from the average daily volume of 48,120 shares. The stock had previously closed at $12.64.

Angel Oak Financial Strategies Income Term Trust Stock Up 0.1%

The firm has a 50 day moving average price of $12.76 and a two-hundred day moving average price of $12.93.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a $0.115 dividend. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date was Tuesday, June 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Choreo LLC boosted its stake in shares of Angel Oak Financial Strategies Income Term Trust by 3.1% in the 3rd quarter. Choreo LLC now owns 27,381 shares of the company’s stock valued at $359,000 after purchasing an additional 816 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Angel Oak Financial Strategies Income Term Trust by 3.7% during the 2nd quarter. Cetera Investment Advisers now owns 36,783 shares of the company’s stock worth $477,000 after purchasing an additional 1,324 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in Angel Oak Financial Strategies Income Term Trust by 11.8% during the 4th quarter. Wedbush Securities Inc. now owns 17,980 shares of the company’s stock valued at $238,000 after purchasing an additional 1,894 shares during the last quarter. GHP Investment Advisors Inc. bought a new position in Angel Oak Financial Strategies Income Term Trust during the 1st quarter valued at about $32,000. Finally, Kestra Advisory Services LLC acquired a new position in Angel Oak Financial Strategies Income Term Trust in the fourth quarter valued at about $53,000.

About Angel Oak Financial Strategies Income Term Trust

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) is a closed-end, diversified management investment trust that commenced operations in early 2023. Organized as a Delaware statutory trust, FINS is structured with a defined termination date, at which point the trust will liquidate and distribute remaining assets to shareholders. Shares of the trust trade on the New York Stock Exchange, providing investors access to a yield-oriented portfolio through a single security.

The trust seeks to generate current income principally through investments in a broad array of structured credit instruments.