Farther Finance Advisors LLC Cuts Stock Holdings in Angel Oak Income ETF $CARY

Farther Finance Advisors LLC decreased its holdings in shares of Angel Oak Income ETF (NASDAQ:CARY) by 53.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,592 shares of the company’s stock after selling 4,133 shares during the period. Farther Finance Advisors LLC’s holdings in Angel Oak Income ETF were worth $75,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in Angel Oak Income ETF by 61.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 97,488 shares of the company’s stock valued at $2,024,000 after purchasing an additional 37,058 shares during the period. LPL Financial LLC boosted its holdings in shares of Angel Oak Income ETF by 10.5% in the 1st quarter. LPL Financial LLC now owns 219,008 shares of the company’s stock valued at $4,547,000 after buying an additional 20,731 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Angel Oak Income ETF by 102.7% in the 1st quarter. Raymond James Financial Inc. now owns 303,363 shares of the company’s stock valued at $6,298,000 after buying an additional 153,666 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in shares of Angel Oak Income ETF by 1.2% in the 1st quarter. Axxcess Wealth Management LLC now owns 343,820 shares of the company’s stock valued at $7,138,000 after buying an additional 4,214 shares in the last quarter. Finally, Able Wealth Management LLC boosted its holdings in shares of Angel Oak Income ETF by 214.1% in the 1st quarter. Able Wealth Management LLC now owns 39,234 shares of the company’s stock valued at $815,000 after buying an additional 26,743 shares in the last quarter.

Angel Oak Income ETF Stock Performance

NASDAQ:CARY opened at $20.92 on Monday. Angel Oak Income ETF has a fifty-two week low of $20.40 and a fifty-two week high of $21.50. The company’s 50-day simple moving average is $20.93 and its 200-day simple moving average is $20.78.

Angel Oak Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a $0.1259 dividend. The ex-dividend date was Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. This is an increase from Angel Oak Income ETF’s previous monthly dividend of $0.09.

Angel Oak Income ETF Company 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.