Insider Buying: Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Buys 5,670 Shares of Stock

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Johannes Palsson bought 5,670 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were acquired at an average price of $12.39 per share, for a total transaction of $70,251.30. Following the transaction, the portfolio manager now owns 46,403 shares in the company, valued at $574,933.17. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Angel Oak Financial Strategies Income Term Trust Stock Performance

Shares of Angel Oak Financial Strategies Income Term Trust stock opened at $12.39 on Friday. Angel Oak Financial Strategies Income Term Trust has a one year low of $11.61 and a one year high of $12.55. The stock’s 50-day moving average is $12.34 and its 200 day moving average is $12.15.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a dividend of $0.109 per share. The ex-dividend date is Monday, April 15th. This represents a $1.31 annualized dividend and a dividend yield of 10.56%.

Institutional Investors Weigh In On Angel Oak Financial Strategies Income Term Trust

Several institutional investors and hedge funds have recently made changes to their positions in FINS. Envestnet Asset Management Inc. bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the 4th quarter valued at about $126,000. Comerica Bank acquired a new position in Angel Oak Financial Strategies Income Term Trust during the 3rd quarter worth approximately $206,000. Fisher Asset Management LLC acquired a new position in Angel Oak Financial Strategies Income Term Trust during the 4th quarter worth approximately $220,000. D.A. Davidson & CO. raised its stake in Angel Oak Financial Strategies Income Term Trust by 43.1% during the 4th quarter. D.A. Davidson & CO. now owns 18,800 shares of the company’s stock worth $224,000 after buying an additional 5,659 shares during the period. Finally, First Trust Advisors LP acquired a new position in Angel Oak Financial Strategies Income Term Trust during the 3rd quarter worth approximately $269,000.

Angel Oak Financial Strategies Income Term Trust Company Profile