Sonoma Allocations LLC Purchases New Position in Angel Oak Income ETF $CARY

Sonoma Allocations LLC acquired a new stake in Angel Oak Income ETF (NASDAQ:CARY) in the 3rd quarter, Holdings Channel reports. The fund acquired 115,524 shares of the company’s stock, valued at approximately $2,426,000. Angel Oak Income ETF comprises approximately 0.9% of Sonoma Allocations LLC’s investment portfolio, making the stock its 21st largest position.

Several other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE acquired a new stake in shares of Angel Oak Income ETF during the second quarter worth about $38,000. Raleigh Capital Management Inc. acquired a new stake in shares of Angel Oak Income ETF in the 2nd quarter valued at about $138,000. Private Trust Co. NA purchased a new position in Angel Oak Income ETF during the 3rd quarter worth approximately $204,000. Firethorn Wealth Partners LLC grew its stake in Angel Oak Income ETF by 5.1% during the 2nd quarter. Firethorn Wealth Partners LLC now owns 10,334 shares of the company’s stock worth $215,000 after buying an additional 504 shares during the last quarter. Finally, Huntington National Bank increased its position in Angel Oak Income ETF by 31.0% during the second quarter. Huntington National Bank now owns 12,923 shares of the company’s stock worth $269,000 after buying an additional 3,058 shares during the period.

Angel Oak Income ETF Trading Up 0.1%

Shares of NASDAQ CARY opened at $20.89 on Friday. Angel Oak Income ETF has a twelve month low of $20.40 and a twelve month high of $21.30. The stock has a 50 day moving average of $20.93 and a two-hundred day moving average of $20.91.

Angel Oak Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 31st were given a $0.1785 dividend. This is a positive change from Angel Oak Income ETF’s previous monthly dividend of $0.09. The ex-dividend date was Wednesday, December 31st. This represents a c) annualized dividend and a yield of 10.3%.

Angel Oak Income ETF Profile

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.