Kevin Parks Purchases 1,000 Shares of Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Stock

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Kevin Parks bought 1,000 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were acquired at an average price of $12.53 per share, with a total value of $12,530.00. Following the purchase, the portfolio manager directly owned 6,667 shares of the company’s stock, valued at approximately $83,537.51. This trade represents a 17.65% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Angel Oak Financial Strategies Income Term Trust Trading Down 0.5%

NYSE:FINS opened at $12.36 on Wednesday. The firm’s fifty day moving average price is $12.62 and its 200 day moving average price is $12.72. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $12.26 and a 1-year high of $13.45.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%.

Institutional Trading of Angel Oak Financial Strategies Income Term Trust

Several hedge funds and other institutional investors have recently made changes to their positions in FINS. Closed End Fund Advisors Inc. purchased a new stake in Angel Oak Financial Strategies Income Term Trust during the 4th quarter worth about $1,602,000. Summit Asset Management LLC acquired a new position in Angel Oak Financial Strategies Income Term Trust in the 4th quarter valued at about $343,000. Mayflower Financial Advisors LLC purchased a new position in Angel Oak Financial Strategies Income Term Trust in the 1st quarter valued at about $238,000. Riverbridge Partners LLC lifted its holdings in Angel Oak Financial Strategies Income Term Trust by 8.3% in the 1st quarter. Riverbridge Partners LLC now owns 233,477 shares of the company’s stock valued at $2,977,000 after purchasing an additional 17,967 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Angel Oak Financial Strategies Income Term Trust by 8.4% during the 1st quarter. First Trust Advisors LP now owns 203,077 shares of the company’s stock worth $2,589,000 after purchasing an additional 15,750 shares during the last quarter.

About Angel Oak Financial Strategies Income Term Trust

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.