Independent Financial Group LLC Makes New Investment in Angel Oak Income ETF $CARY

Independent Financial Group LLC bought a new position in Angel Oak Income ETF (NASDAQ:CARY) in the first quarter, Holdings Channel.com reports. The firm bought 116,157 shares of the company’s stock, valued at approximately $2,413,000.

A number of other hedge funds also recently made changes to their positions in the stock. IFC Advisors LLC bought a new stake in shares of Angel Oak Income ETF during the 1st quarter valued at approximately $61,717,000. Morgan Stanley lifted its stake in Angel Oak Income ETF by 49.8% in the 4th quarter. Morgan Stanley now owns 4,791,541 shares of the company’s stock valued at $99,786,000 after purchasing an additional 1,593,932 shares during the last quarter. UBS Group AG lifted its stake in Angel Oak Income ETF by 44.9% in the 4th 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. Axxcess Wealth Management LLC boosted its position in Angel Oak Income ETF by 106.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 777,264 shares of the company’s stock valued at $16,187,000 after buying an additional 400,193 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in Angel Oak Income ETF by 78.6% in the third quarter. Raymond James Financial Inc. now owns 762,983 shares of the company’s stock valued at $15,954,000 after buying an additional 335,825 shares in the last quarter.

Angel Oak Income ETF Price Performance

NASDAQ CARY opened at $20.78 on Friday. The firm’s fifty day moving average price is $20.79 and its two-hundred day moving average price is $20.87. Angel Oak Income ETF has a fifty-two week low of $20.62 and a fifty-two week high of $21.55.

Angel Oak Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a dividend of $0.1004 per share. This is a positive change from Angel Oak Income ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Tuesday, June 30th.

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.