Angel Oak Income ETF (NASDAQ:CARY) Sees Large Volume Increase – Here’s Why

Angel Oak Income ETF (NASDAQ:CARY) saw unusually-high trading volume on Wednesday . Approximately 568,542 shares changed hands during trading, an increase of 44% from the previous session’s volume of 395,353 shares.The stock last traded at $20.70 and had previously closed at $20.68.

Angel Oak Income ETF Price Performance

The business’s fifty day simple moving average is $20.76 and its 200-day simple moving average is $20.85.

Angel Oak Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were issued a dividend of $0.1001 per share. The ex-dividend date was Friday, July 31st.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Truist Financial Corp lifted its holdings in Angel Oak Income ETF by 0.6% in the 4th quarter. Truist Financial Corp now owns 95,399 shares of the company’s stock worth $1,987,000 after buying an additional 588 shares during the period. J. Team Financial Inc. grew its position in shares of Angel Oak Income ETF by 0.9% in the 4th quarter. J. Team Financial Inc. now owns 94,104 shares of the company’s stock worth $1,960,000 after buying an additional 845 shares during the last quarter. Comerica Bank increased its stake in shares of Angel Oak Income ETF by 10.4% during the fourth quarter. Comerica Bank now owns 10,193 shares of the company’s stock valued at $212,000 after buying an additional 958 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Angel Oak Income ETF during the fourth quarter valued at approximately $30,000. Finally, Bank of America Corp DE bought a new position in shares of Angel Oak Income ETF during the second quarter valued at approximately $38,000.

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.