Angel Oak Capital Advisors LLC Sells 400,041 Shares of Angel Oak High Yield Opportunities ETF $AOHY

Angel Oak Capital Advisors LLC trimmed its holdings in shares of Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) by 19.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,675,875 shares of the company’s stock after selling 400,041 shares during the quarter. Angel Oak High Yield Opportunities ETF makes up approximately 26.4% of Angel Oak Capital Advisors LLC’s investment portfolio, making the stock its largest position. Angel Oak Capital Advisors LLC owned approximately 15.39% of Angel Oak High Yield Opportunities ETF worth $18,661,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new stake in Angel Oak High Yield Opportunities ETF in the 2nd quarter worth $35,000. Moloney Securities Asset Management LLC acquired a new stake in shares of Angel Oak High Yield Opportunities ETF in the second quarter valued at about $139,000. OLD Mission Capital LLC lifted its stake in Angel Oak High Yield Opportunities ETF by 45.7% in the 1st quarter. OLD Mission Capital LLC now owns 16,673 shares of the company’s stock valued at $183,000 after buying an additional 5,233 shares in the last quarter. IFP Advisors Inc boosted its holdings in Angel Oak High Yield Opportunities ETF by 438.3% in the 1st quarter. IFP Advisors Inc now owns 24,669 shares of the company’s stock worth $271,000 after buying an additional 20,086 shares during the last quarter. Finally, PFG Investments LLC purchased a new stake in Angel Oak High Yield Opportunities ETF during the 2nd quarter worth approximately $373,000.

Angel Oak High Yield Opportunities ETF Price Performance

NASDAQ AOHY opened at $11.06 on Friday. The stock’s 50 day simple moving average is $11.17 and its 200-day simple moving average is $11.11. The company has a market cap of $127.85 million, a PE ratio of 2.33 and a beta of 0.22. Angel Oak High Yield Opportunities ETF has a 1-year low of $10.52 and a 1-year high of $11.47.

Angel Oak High Yield Opportunities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 31st were issued a dividend of $0.0593 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

About Angel Oak High Yield Opportunities ETF

The Angel Oak High Yield Opportunities ETF (AOHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that provides broad exposure to high-yield fixed-income securities, globally. The fund seeks a high level of current income, and to a lesser extent, capital appreciation.