Angel Oak Income ETF (NASDAQ:CARY) Reaches New 52-Week Low – Time to Sell?

Angel Oak Income ETF (NASDAQ:CARY) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $20.62 and last traded at $20.77, with a volume of 13500 shares changing hands. The stock had previously closed at $20.78.

Angel Oak Income ETF Trading Down 0.0%

The firm has a 50-day moving average price of $20.82 and a two-hundred day moving average price of $20.89.

Angel Oak Income ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th will be paid a $0.1004 dividend. The ex-dividend date is Tuesday, June 30th. This is a positive change from Angel Oak Income ETF’s previous dividend of $0.09.

Hedge Funds Weigh In On Angel Oak Income ETF

Several hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of Angel Oak Income ETF by 103,779.5% in the first quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock valued at $102,862,000 after purchasing an additional 4,947,167 shares during the last quarter. Morgan Stanley boosted its holdings in Angel Oak Income ETF by 49.8% during the fourth quarter. Morgan Stanley now owns 4,791,541 shares of the company’s stock worth $99,786,000 after purchasing an additional 1,593,932 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Angel Oak Income ETF by 5.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,915,782 shares of the company’s stock worth $81,548,000 after purchasing an additional 204,673 shares during the last quarter. Arkadios Wealth Advisors grew its position in Angel Oak Income ETF by 13.7% in the first quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock valued at $74,003,000 after purchasing an additional 428,745 shares in the last quarter. Finally, IFC Advisors LLC bought a new position in Angel Oak Income ETF in the first quarter valued at $61,717,000.

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.