Angel Oak Income ETF (NASDAQ:CARY) Reaches New 1-Year Low – What’s Next?

Angel Oak Income ETF (NASDAQ:CARY) shares hit a new 52-week low on Wednesday . The stock traded as low as $20.56 and last traded at $20.5750, with a volume of 66440 shares trading hands. The stock had previously closed at $20.59.

Angel Oak Income ETF Stock Down 0.4%

The company’s fifty day simple moving average is $20.70 and its two-hundred day simple moving average is $20.80.

Angel Oak Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 31st were given a $0.0931 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, August 31st.

Institutional Investors Weigh In On Angel Oak Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in CARY. NewEdge Advisors LLC raised its holdings in Angel Oak Income ETF by 739.8% in the 1st quarter. NewEdge Advisors LLC now owns 39,892 shares of the company’s stock valued at $828,000 after acquiring an additional 35,142 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Angel Oak Income ETF by 40.8% during the 2nd quarter. Raymond James Financial Inc. now owns 427,158 shares of the company’s stock worth $8,885,000 after acquiring an additional 123,795 shares in the last quarter. Jane Street Group LLC acquired a new position in Angel Oak Income ETF during the second quarter valued at approximately $2,296,000. Camarda Financial Advisors LLC lifted its stake in Angel Oak Income ETF by 7.5% during the second quarter. Camarda Financial Advisors LLC now owns 102,541 shares of the company’s stock worth $2,133,000 after purchasing an additional 7,140 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in Angel Oak Income ETF during the second quarter worth $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.