Angel Oak Income ETF (NASDAQ:CARY) Sees Unusually-High Trading Volume – Time to Buy?

Angel Oak Income ETF (NASDAQ:CARY) saw an uptick in trading volume on Monday . 328,363 shares changed hands during trading, a decline of 18% from the previous session’s volume of 398,780 shares.The stock last traded at $20.74 and had previously closed at $20.72.

Angel Oak Income ETF Stock Performance

The firm has a 50 day simple moving average of $20.82 and a 200 day simple moving average of $20.90.

Angel Oak Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 29th were paid a dividend of $0.0876 per share. The ex-dividend date was Friday, May 29th.

Institutional Trading of Angel Oak Income ETF

Several institutional investors have recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC boosted its position in Angel Oak Income ETF by 1,125.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 173,579 shares of the company’s stock worth $3,615,000 after purchasing an additional 159,418 shares during the last quarter. MBL Wealth LLC boosted its position in Angel Oak Income ETF by 6.5% in the fourth quarter. MBL Wealth LLC now owns 520,038 shares of the company’s stock worth $10,830,000 after purchasing an additional 31,933 shares during the last quarter. UBS Group AG boosted its position in 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 worth $45,283,000 after purchasing an additional 673,805 shares during the last quarter. Channel Wealth LLC boosted its position in Angel Oak Income ETF by 6.6% in the fourth quarter. Channel Wealth LLC now owns 1,152,894 shares of the company’s stock worth $24,010,000 after purchasing an additional 71,751 shares during the last quarter. Finally, Truist Financial Corp purchased a new position in Angel Oak Income ETF in the third quarter worth about $1,982,000.

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.