Angel Oak Income ETF (NASDAQ:CARY) Declares $0.09 Dividend

Angel Oak Income ETF (NASDAQ:CARY) announced a dividend on Wednesday, April 29th, NASDAQ Dividends reports. Stockholders of record on Thursday, April 30th will be paid a dividend of 0.0934 per share on Friday, May 1st. The ex-dividend date of this dividend is Thursday, April 30th.

Angel Oak Income ETF Price Performance

Shares of Angel Oak Income ETF stock traded down $0.09 during midday trading on Thursday, hitting $20.80. 1,252,560 shares of the company were exchanged, compared to its average volume of 405,317. Angel Oak Income ETF has a 52 week low of $20.40 and a 52 week high of $21.55. The firm has a 50 day simple moving average of $20.91 and a 200-day simple moving average of $20.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley grew its stake in Angel Oak Income ETF by 49.8% in the fourth quarter. Morgan Stanley now owns 4,791,541 shares of the company’s stock valued at $99,786,000 after acquiring an additional 1,593,932 shares during the period. Wells Fargo & Company MN raised its stake in Angel Oak Income ETF by 5.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,915,782 shares of the company’s stock valued at $81,548,000 after buying an additional 204,673 shares during the period. Arkadios Wealth Advisors raised its stake in Angel Oak Income ETF by 7.8% in the fourth quarter. Arkadios Wealth Advisors now owns 3,133,739 shares of the company’s stock valued at $65,262,000 after buying an additional 227,114 shares during the period. UBS Group AG grew its position in shares of Angel Oak Income ETF by 44.9% in the fourth quarter. UBS Group AG now owns 2,174,367 shares of the company’s stock valued at $45,283,000 after purchasing an additional 673,805 shares during the last quarter. Finally, Advocacy Wealth Management LLC boosted its stake in Angel Oak Income ETF by 3.3% in the 3rd quarter. Advocacy Wealth Management LLC now owns 2,125,626 shares of the company’s stock valued at $44,447,000 after purchasing an additional 67,301 shares during the period.

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.