Angel Oak Income ETF (NASDAQ:CARY) Hits New 52-Week Low – What’s Next?

Shares of Angel Oak Income ETF (NASDAQ:CARY) hit a new 52-week low on Wednesday . The stock traded as low as $20.40 and last traded at $20.4050, with a volume of 33060 shares. The stock had previously closed at $20.48.

Angel Oak Income ETF Stock Performance

The stock has a 50 day moving average price of $20.65 and a two-hundred day moving average price of $20.76.

Angel Oak Income ETF Cuts Dividend

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

Institutional Trading of Angel Oak Income ETF

Several large investors have recently added to or reduced their stakes in CARY. Bank of America Corp DE grew its holdings in Angel Oak Income ETF by 103,779.5% during the first quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock valued at $102,862,000 after purchasing an additional 4,947,167 shares during the last quarter. IFC Advisors LLC acquired a new stake in shares of Angel Oak Income ETF in the first quarter worth $61,717,000. Arkadios Wealth Advisors boosted its holdings in shares of Angel Oak Income ETF by 13.7% during the 1st quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock worth $74,003,000 after buying an additional 428,745 shares during the period. Greenwich Wealth Management LLC boosted its holdings in shares of Angel Oak Income ETF by 73.5% during the 4th quarter. Greenwich Wealth Management LLC now owns 390,740 shares of the company’s stock worth $8,137,000 after buying an additional 165,564 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in Angel Oak Income ETF in the 2nd quarter valued at $2,718,000.

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.