Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Buys 1,000 Shares of Stock

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Kevin Parks bought 1,000 shares of Angel Oak Financial Strategies Income Term Trust stock in a transaction dated Monday, September 14th. The shares were bought at an average price of $12.53 per share, for a total transaction of $12,530.00. Following the completion of the transaction, the portfolio manager directly owned 6,667 shares of the company’s stock, valued at $83,537.51. This represents a 17.65% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Angel Oak Financial Strategies Income Term Trust Stock Performance

Shares of Angel Oak Financial Strategies Income Term Trust stock traded down $0.05 during midday trading on Monday, reaching $12.44. The company had a trading volume of 9,488 shares, compared to its average volume of 46,271. The stock has a fifty day simple moving average of $12.64 and a 200 day simple moving average of $12.73. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $12.38 and a 1-year high of $13.55.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.115 dividend. The ex-dividend date is Wednesday, September 16th. This represents a c) annualized dividend and a yield of 11.1%.

Hedge Funds Weigh In On Angel Oak Financial Strategies Income Term Trust

Several large investors have recently bought and sold shares of FINS. Integrated Wealth Concepts LLC acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust in the 2nd quarter valued at $46,000. Citadel Advisors LLC acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 2nd quarter worth about $139,000. Corient Private Wealth LP increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 35.6% in the 2nd quarter. Corient Private Wealth LP now owns 40,666 shares of the company’s stock valued at $521,000 after acquiring an additional 10,666 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Angel Oak Financial Strategies Income Term Trust during the second quarter valued at approximately $145,000. Finally, First Trust Advisors LP grew its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 8.4% in the 1st quarter. First Trust Advisors LP now owns 203,077 shares of the company’s stock valued at $2,589,000 after buying an additional 15,750 shares during the period.

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.