Angel Oak Mortgage-Backed Securities ETF Stock Scheduled to Reverse Split on Monday, November 16th (NASDAQ:MBS)

Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) shares are going to reverse split on the morning of Monday, November 16th. The 1-7 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 Mortgage-Backed Securities ETF Stock Performance

Angel Oak Mortgage-Backed Securities ETF stock opened at $8.32 on Wednesday. Angel Oak Mortgage-Backed Securities ETF has a fifty-two week low of $8.13 and a fifty-two week high of $9.16. The firm’s 50-day simple moving average is $8.33 and its 200 day simple moving average is $8.59.

Angel Oak Mortgage-Backed Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were paid a $0.0384 dividend. This is a positive change from Angel Oak Mortgage-Backed Securities ETF’s previous monthly dividend of $0.0382. The ex-dividend date was Friday, October 30th. This represents a $0.46 annualized dividend and a yield of 5.5%.

Hedge Funds Weigh In On Angel Oak Mortgage-Backed Securities ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new stake in Angel Oak Mortgage-Backed Securities ETF during the third quarter worth $83,000. Vise Technologies Inc. boosted its position in Angel Oak Mortgage-Backed Securities ETF by 348.6% in the third quarter. Vise Technologies Inc. now owns 60,177 shares of the company’s stock worth $492,000 after purchasing an additional 46,762 shares during the last quarter. United Asset Strategies Inc. grew its stake in Angel Oak Mortgage-Backed Securities ETF by 6.2% in the 3rd quarter. United Asset Strategies Inc. now owns 121,380 shares of the company’s stock valued at $992,000 after purchasing an additional 7,106 shares during the period. Onyx Bridge Wealth Group LLC bought a new position in Angel Oak Mortgage-Backed Securities ETF in the 3rd quarter valued at $590,000. Finally, Vontobel Holding Ltd. bought a new position in Angel Oak Mortgage-Backed Securities ETF in the 3rd quarter valued at $1,103,000.

Angel Oak Mortgage-Backed Securities ETF Company Profile

The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.