Angel Oak Income ETF (NASDAQ:CARY) Trading Down 0.5% – What’s Next?

Angel Oak Income ETF (NASDAQ:CARY)’s stock price was down 0.5% on Friday . The stock traded as low as $20.79 and last traded at $20.82. Approximately 297,520 shares were traded during trading, a decline of 25% from the average daily volume of 398,515 shares. The stock had previously closed at $20.92.

Angel Oak Income ETF Trading Down 0.5%

The business’s fifty day moving average is $20.96 and its 200 day moving average is $20.96.

Angel Oak Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a $0.0798 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 4.6%. This is a positive change from Angel Oak Income ETF’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CARY. NewEdge Advisors LLC grew its holdings in shares of Angel Oak Income ETF by 739.8% during the first quarter. NewEdge Advisors LLC now owns 39,892 shares of the company’s stock worth $828,000 after buying an additional 35,142 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Angel Oak Income ETF by 64.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 54,415 shares of the company’s stock worth $1,132,000 after acquiring an additional 21,389 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in Angel Oak Income ETF during the 2nd quarter worth approximately $416,000. Legacy Capital Wealth Partners LLC bought a new position in shares of Angel Oak Income ETF during the 2nd quarter worth approximately $316,000. Finally, Greenwich Wealth Management LLC grew its stake in shares of Angel Oak Income ETF by 245.9% during the 2nd quarter. Greenwich Wealth Management LLC now owns 158,131 shares of the company’s stock worth $3,289,000 after acquiring an additional 112,420 shares in 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.