Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) Stock Price Down 0.1% – Should You Sell?

Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) shares fell 0.1% during mid-day trading on Friday . The stock traded as low as $8.54 and last traded at $8.55. Approximately 199,376 shares changed hands during mid-day trading, an increase of 110% from the average daily volume of 94,831 shares. The stock had previously closed at $8.56.

Angel Oak Mortgage-Backed Securities ETF Stock Down 0.1%

The business’s fifty day moving average is $8.59 and its 200 day moving average is $8.68.

Angel Oak Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were given a $0.0403 dividend. This is a positive change from Angel Oak Mortgage-Backed Securities ETF’s previous dividend of $0.04. The ex-dividend date was Friday, July 31st.

Institutional Investors Weigh In On Angel Oak Mortgage-Backed Securities ETF

Large investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its position in shares of Angel Oak Mortgage-Backed Securities ETF by 1.0% during the first quarter. NewEdge Advisors LLC now owns 776,865 shares of the company’s stock worth $6,728,000 after purchasing an additional 7,586 shares during the period. Royal Bank of Canada acquired a new position in shares of Angel Oak Mortgage-Backed Securities ETF in the 1st quarter valued at $51,000. Quantinno Capital Management LP acquired a new position in shares of Angel Oak Mortgage-Backed Securities ETF in the 1st quarter valued at $105,000. NewEdge Wealth LLC boosted its position in shares of Angel Oak Mortgage-Backed Securities ETF by 7.9% in the 1st quarter. NewEdge Wealth LLC now owns 2,592,750 shares of the company’s stock valued at $22,453,000 after purchasing an additional 189,635 shares during the period. Finally, RFG Advisory LLC increased its stake in Angel Oak Mortgage-Backed Securities ETF by 5.0% in the 1st quarter. RFG Advisory LLC now owns 135,472 shares of the company’s stock worth $1,173,000 after purchasing an additional 6,393 shares in the last quarter.

Angel Oak Mortgage-Backed Securities ETF Company Profile

The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.