70,448 Shares in Angel Oak Income ETF $CARY Bought by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC purchased a new position in shares of Angel Oak Income ETF (NASDAQ:CARY) in the 3rd quarter, Holdings Channel reports. The firm purchased 70,448 shares of the company’s stock, valued at approximately $1,417,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CARY. Bank of America Corp DE increased its position in Angel Oak Income ETF by 103,779.5% during the 1st quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock worth $102,862,000 after buying an additional 4,947,167 shares during the period. IFC Advisors LLC acquired a new stake in shares of Angel Oak Income ETF during the first quarter worth $61,717,000. Envestnet Asset Management Inc. boosted its position in shares of Angel Oak Income ETF by 103.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,107,410 shares of the company’s stock valued at $23,012,000 after acquiring an additional 563,831 shares during the period. Arkadios Wealth Advisors boosted its position in shares of Angel Oak Income ETF by 13.7% in the first quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock valued at $74,003,000 after acquiring an additional 428,745 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Angel Oak Income ETF in the second quarter valued at about $4,231,000.

Angel Oak Income ETF Stock Performance

CARY stock opened at $20.22 on Friday. Angel Oak Income ETF has a 52 week low of $20.07 and a 52 week high of $21.55. The company’s 50-day simple moving average is $20.46 and its 200 day simple moving average is $20.68.

Angel Oak Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a $0.1025 dividend. This is a positive change from Angel Oak Income ETF’s previous monthly dividend of $0.0931. The ex-dividend date was Wednesday, September 30th. This represents a $1.23 annualized dividend and a yield of 6.1%.

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.