AE Wealth Management LLC Takes Position in Angel Oak Income ETF $CARY

AE Wealth Management LLC bought a new position in shares of Angel Oak Income ETF (NASDAQ:CARY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,906 shares of the company’s stock, valued at approximately $726,000. AE Wealth Management LLC owned about 0.13% of Angel Oak Income ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Astor Investment Management LLC purchased a new position in Angel Oak Income ETF in the second quarter valued at approximately $7,983,000. Envestnet Asset Management Inc. purchased a new position in shares of Angel Oak Income ETF in the 2nd quarter valued at $7,455,000. Raymond James Financial Inc. grew its position 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 during the last quarter. Belpointe Asset Management LLC acquired a new stake in Angel Oak Income ETF during the 1st quarter worth $2,421,000. Finally, Advocacy Wealth Management Services LLC lifted its position in Angel Oak Income ETF by 6.3% in the first quarter. Advocacy Wealth Management Services LLC now owns 1,918,050 shares of the company’s stock valued at $39,819,000 after acquiring an additional 114,075 shares during the last quarter.

Angel Oak Income ETF Price Performance

Shares of CARY stock opened at $20.92 on Friday. The stock’s 50-day moving average is $20.98 and its two-hundred day moving average is $20.83. Angel Oak Income ETF has a 1 year low of $20.40 and a 1 year high of $21.30.

Angel Oak Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 31st were paid a dividend of $0.1015 per share. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Friday, October 31st.

About Angel Oak Income ETF

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.