Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) Trading 0.1% Higher – Should You Buy?

Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS)’s share price was up 0.1% during mid-day trading on Friday . The company traded as high as $8.79 and last traded at $8.77. Approximately 35,360 shares were traded during trading, a decline of 74% from the average daily volume of 134,433 shares. The stock had previously closed at $8.76.

Angel Oak Mortgage-Backed Securities ETF Trading Up 0.1%

The business’s 50 day moving average price is $8.76 and its 200-day moving average price is $8.65.

Angel Oak Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 31st were given a dividend of $0.0441 per share. The ex-dividend date was Friday, October 31st.

Institutional Trading of Angel Oak Mortgage-Backed Securities ETF

Hedge funds have recently modified their holdings of the business. CW Advisors LLC grew its holdings in Angel Oak Mortgage-Backed Securities ETF by 2.9% during the second quarter. CW Advisors LLC now owns 6,786,466 shares of the company’s stock worth $58,601,000 after acquiring an additional 193,917 shares during the period. Gradient Investments LLC grew its stake in shares of Angel Oak Mortgage-Backed Securities ETF by 5.8% during the 2nd quarter. Gradient Investments LLC now owns 4,658,960 shares of the company’s stock worth $40,230,000 after purchasing an additional 254,437 shares during the period. NewEdge Wealth LLC increased its holdings in shares of Angel Oak Mortgage-Backed Securities ETF by 5.4% in the 3rd quarter. NewEdge Wealth LLC now owns 2,367,603 shares of the company’s stock valued at $20,702,000 after purchasing an additional 121,085 shares in the last quarter. Altfest L J & Co. Inc. increased its holdings in shares of Angel Oak Mortgage-Backed Securities ETF by 84.8% in the 3rd quarter. Altfest L J & Co. Inc. now owns 1,638,344 shares of the company’s stock valued at $14,295,000 after purchasing an additional 751,674 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Angel Oak Mortgage-Backed Securities ETF by 17.4% in the first quarter. LPL Financial LLC now owns 1,069,192 shares of the company’s stock valued at $9,281,000 after purchasing an additional 158,850 shares during the period.

About Angel Oak Mortgage-Backed Securities ETF

The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.