Envestnet Asset Management Inc. Boosts Position in Angel Oak Financial Strategies Income Term Trust $FINS

Envestnet Asset Management Inc. raised its holdings in shares of Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) by 118.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 323,212 shares of the company’s stock after acquiring an additional 175,483 shares during the period. Envestnet Asset Management Inc.’s holdings in Angel Oak Financial Strategies Income Term Trust were worth $4,237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FINS. Mountain Hill Investment Partners Corp. raised its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 33.3% during the second quarter. Mountain Hill Investment Partners Corp. now owns 3,333 shares of the company’s stock worth $43,000 after purchasing an additional 833 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the 2nd quarter worth about $76,000. PFG Investments LLC purchased a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 3rd quarter valued at about $132,000. Bank of America Corp DE acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust in the 2nd quarter valued at about $141,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the second quarter worth about $231,000.

Angel Oak Financial Strategies Income Term Trust Stock Up 0.2%

Angel Oak Financial Strategies Income Term Trust stock opened at $13.19 on Tuesday. The business’s 50-day moving average price is $13.20 and its 200 day moving average price is $13.17. Angel Oak Financial Strategies Income Term Trust has a 52 week low of $12.21 and a 52 week high of $13.64.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%.

Angel Oak Financial Strategies Income Term Trust Company Profile

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) is a closed-end, diversified management investment trust that commenced operations in early 2023. Organized as a Delaware statutory trust, FINS is structured with a defined termination date, at which point the trust will liquidate and distribute remaining assets to shareholders. Shares of the trust trade on the New York Stock Exchange, providing investors access to a yield-oriented portfolio through a single security.

The trust seeks to generate current income principally through investments in a broad array of structured credit instruments.