Angel Oak Income ETF (NASDAQ:CARY) Reaches New 1-Year High – Time to Buy?

Angel Oak Income ETF (NASDAQ:CARY)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $21.55 and last traded at $20.8950, with a volume of 5303 shares trading hands. The stock had previously closed at $20.90.

Angel Oak Income ETF Price Performance

The business has a 50 day moving average price of $20.93 and a 200 day moving average price of $20.92.

Angel Oak Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 2nd. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.1785 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. This is a boost from Angel Oak Income ETF’s previous monthly dividend of $0.09. The ex-dividend date was Wednesday, December 31st.

Institutional Investors Weigh In On Angel Oak Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Firethorn Wealth Partners LLC raised its stake in Angel Oak Income ETF by 5.1% during the 2nd quarter. Firethorn Wealth Partners LLC now owns 10,334 shares of the company’s stock valued at $215,000 after purchasing an additional 504 shares during the last quarter. Lewis Asset Management LLC grew its position in Angel Oak Income ETF by 3.0% in the 3rd quarter. Lewis Asset Management LLC now owns 23,801 shares of the company’s stock worth $498,000 after purchasing an additional 683 shares during the last quarter. Rareview Capital LLC grew its position in Angel Oak Income ETF by 1.3% in the 2nd quarter. Rareview Capital LLC now owns 68,709 shares of the company’s stock worth $1,429,000 after purchasing an additional 908 shares during the last quarter. AE Wealth Management LLC increased its holdings in shares of Angel Oak Income ETF by 2.6% during the 3rd quarter. AE Wealth Management LLC now owns 35,822 shares of the company’s stock worth $749,000 after purchasing an additional 916 shares during the period. Finally, Comerica Bank raised its position in shares of Angel Oak Income ETF by 12.2% during the third quarter. Comerica Bank now owns 9,235 shares of the company’s stock valued at $193,000 after buying an additional 1,007 shares during the last quarter.

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. Securities could be of any credit quality or maturity. CARY was launched on Nov 7, 2022 and is issued by Angel Oak.