Angel Oak Income ETF (NASDAQ:CARY) Hits New 12-Month Low – What’s Next?

Angel Oak Income ETF (NASDAQ:CARY)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $20.41 and last traded at $20.43, with a volume of 953816 shares. The stock had previously closed at $20.44.

Angel Oak Income ETF Price Performance

The firm has a fifty day moving average price of $20.67 and a 200-day moving average price of $20.78.

Angel Oak Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 31st were given a $0.0931 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a c) annualized dividend and a yield of 5.5%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Baird Financial Group Inc. raised its stake in shares of Angel Oak Income ETF by 1.7% during the 2nd quarter. Baird Financial Group Inc. now owns 552,850 shares of the company’s stock worth $11,488,000 after purchasing an additional 9,022 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Angel Oak Income ETF in the 2nd quarter worth about $288,000. Rareview Capital LLC grew its position in Angel Oak Income ETF by 10.8% during the second quarter. Rareview Capital LLC now owns 110,405 shares of the company’s stock valued at $2,296,000 after buying an additional 10,731 shares during the period. Concurrent Investment Advisors LLC grew its position in Angel Oak Income ETF by 5.1% during the second quarter. Concurrent Investment Advisors LLC now owns 43,269 shares of the company’s stock valued at $899,000 after buying an additional 2,081 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Angel Oak Income ETF by 100.5% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 51,747 shares of the company’s stock worth $1,075,000 after buying an additional 25,940 shares during 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.