Angel Oak Financial Strategies Income Term Trust (FINS) To Go Ex-Dividend on May 15th

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) declared a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be paid a dividend of 0.115 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend is Friday, May 15th.

Angel Oak Financial Strategies Income Term Trust Trading Down 0.2%

FINS stock traded down $0.03 during trading on Wednesday, hitting $12.84. The stock had a trading volume of 14,577 shares, compared to its average volume of 52,147. The company’s 50 day moving average price is $12.77 and its two-hundred day moving average price is $13.03. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $12.38 and a 1-year high of $13.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FINS. Choreo LLC increased its position in Angel Oak Financial Strategies Income Term Trust by 3.1% during the 3rd quarter. Choreo LLC now owns 27,381 shares of the company’s stock worth $359,000 after purchasing an additional 816 shares in the last quarter. Cetera Investment Advisers increased its position in Angel Oak Financial Strategies Income Term Trust by 3.7% during the 2nd quarter. Cetera Investment Advisers now owns 36,783 shares of the company’s stock worth $477,000 after purchasing an additional 1,324 shares in the last quarter. Wedbush Securities Inc. increased its position in Angel Oak Financial Strategies Income Term Trust by 11.8% during the 4th quarter. Wedbush Securities Inc. now owns 17,980 shares of the company’s stock worth $238,000 after purchasing an additional 1,894 shares in the last quarter. GHP Investment Advisors Inc. acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the 1st quarter worth approximately $32,000. Finally, Kestra Advisory Services LLC acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the 4th quarter worth approximately $53,000.

About Angel Oak Financial Strategies Income Term Trust

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.