Angel Oak Income ETF (NASDAQ:CARY) Sets New 52-Week Low – Here’s What Happened

Shares of Angel Oak Income ETF (NASDAQ:CARY) reached a new 52-week low during trading on Tuesday. The stock traded as low as $20.20 and last traded at $20.27, with a volume of 367479 shares trading hands. The stock had previously closed at $20.31.

Angel Oak Income ETF Trading Down 0.6%

The company’s fifty day moving average is $20.59 and its 200-day moving average is $20.73.

Angel Oak Income ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.1025 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.23 annualized dividend and a yield of 6.1%. This is an increase from Angel Oak Income ETF’s previous monthly dividend of $0.0931.

Hedge Funds Weigh In On Angel Oak Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Angel Oak Income ETF in the 2nd quarter valued at about $4,231,000. Envestnet Asset Management Inc. lifted its holdings in Angel Oak Income ETF by 103.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,107,410 shares of the company’s stock valued at $23,012,000 after acquiring an additional 563,831 shares during the period. Baird Financial Group Inc. lifted its holdings in Angel Oak Income ETF by 1.7% in the second quarter. Baird Financial Group Inc. now owns 552,850 shares of the company’s stock valued at $11,488,000 after acquiring an additional 9,022 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Angel Oak Income ETF in the 2nd quarter worth approximately $288,000. Finally, Rareview Capital LLC boosted its position in Angel Oak Income ETF by 10.8% in the 2nd quarter. Rareview Capital LLC now owns 110,405 shares of the company’s stock worth $2,296,000 after purchasing an additional 10,731 shares in the last quarter.

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.