Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Trading 0.4% Higher – Time to Buy?

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) traded up 0.4% during mid-day trading on Monday . The company traded as high as $12.71 and last traded at $12.69. Approximately 32,723 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 48,120 shares. The stock had previously closed at $12.64.

Angel Oak Financial Strategies Income Term Trust Trading Up 0.4%

The company has a fifty day moving average price of $12.76 and a 200 day moving average price of $12.94.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.115 per share. The ex-dividend date is Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 10.9%.

Institutional Investors Weigh In On Angel Oak Financial Strategies Income Term Trust

Several large investors have recently added to or reduced their stakes in FINS. Choreo LLC boosted its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 3.1% during the third quarter. Choreo LLC now owns 27,381 shares of the company’s stock valued at $359,000 after acquiring an additional 816 shares during the period. Cetera Investment Advisers increased its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 3.7% in the 2nd quarter. Cetera Investment Advisers now owns 36,783 shares of the company’s stock worth $477,000 after acquiring an additional 1,324 shares during the period. Wedbush Securities Inc. lifted its position in Angel Oak Financial Strategies Income Term Trust by 11.8% in the 4th quarter. Wedbush Securities Inc. now owns 17,980 shares of the company’s stock valued at $238,000 after purchasing an additional 1,894 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in Angel Oak Financial Strategies Income Term Trust in the 1st quarter valued at about $32,000. Finally, Kestra Advisory Services LLC acquired a new position in Angel Oak Financial Strategies Income Term Trust during the 4th quarter valued at about $53,000.

Angel Oak Financial Strategies Income Term Trust Company Profile

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) is a closed-end, diversified management investment trust that commenced operations in early 2023. Organized as a Delaware statutory trust, FINS is structured with a defined termination date, at which point the trust will liquidate and distribute remaining assets to shareholders. Shares of the trust trade on the New York Stock Exchange, providing investors access to a yield-oriented portfolio through a single security.

The trust seeks to generate current income principally through investments in a broad array of structured credit instruments.