Truist Financial Corp Invests $1.98 Million in Angel Oak Income ETF $CARY

Truist Financial Corp acquired a new stake in shares of Angel Oak Income ETF (NASDAQ:CARY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 94,811 shares of the company’s stock, valued at approximately $1,982,000. Truist Financial Corp owned about 0.28% of Angel Oak Income ETF at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its position in Angel Oak Income ETF by 739.8% during the 1st quarter. NewEdge Advisors LLC now owns 39,892 shares of the company’s stock worth $828,000 after acquiring an additional 35,142 shares during the period. DAVENPORT & Co LLC acquired a new position in shares of Angel Oak Income ETF in the second quarter valued at about $290,000. Axxcess Wealth Management LLC raised its stake in shares of Angel Oak Income ETF by 7.2% in the second quarter. Axxcess Wealth Management LLC now owns 368,613 shares of the company’s stock worth $7,667,000 after purchasing an additional 24,793 shares during the last quarter. RFG Advisory LLC lifted its holdings in shares of Angel Oak Income ETF by 47.0% during the second quarter. RFG Advisory LLC now owns 96,567 shares of the company’s stock worth $2,009,000 after purchasing an additional 30,893 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in Angel Oak Income ETF in the second quarter valued at approximately $7,455,000.

Angel Oak Income ETF Trading Up 0.1%

Shares of NASDAQ:CARY opened at $20.95 on Friday. Angel Oak Income ETF has a twelve month low of $20.40 and a twelve month high of $21.55. The company’s 50 day moving average is $20.92 and its 200 day moving average is $20.93.

Angel Oak Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were issued a dividend of $0.0685 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, January 30th.

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