Oppenheimer & Co. Inc. Makes New Investment in Angel Oak Income ETF $CARY

Oppenheimer & Co. Inc. bought a new stake in shares of Angel Oak Income ETF (NASDAQ:CARY) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 107,617 shares of the company’s stock, valued at approximately $2,165,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in shares of 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 valued at $102,862,000 after acquiring an additional 4,947,167 shares in the last quarter. IFC Advisors LLC acquired a new position in shares of Angel Oak Income ETF during the first quarter worth approximately $61,717,000. Envestnet Asset Management Inc. lifted its stake in shares of Angel Oak Income ETF by 103.7% during 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 1st quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock worth $74,003,000 after purchasing an additional 428,745 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Angel Oak Income ETF in the second quarter worth $4,231,000.

Angel Oak Income ETF Trading Down 0.2%

Shares of CARY opened at $20.30 on Friday. The stock has a 50 day simple moving average of $20.38 and a 200 day simple moving average of $20.73. Angel Oak Income ETF has a 52-week low of $20.07 and a 52-week high of $21.55.

Angel Oak Income ETF shares are going to reverse split before the market opens on Monday, November 16th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 15th.

Angel Oak Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 30th will be issued a dividend of $0.1044 per share. This is a boost from Angel Oak Income ETF’s previous monthly dividend of $0.1025. The ex-dividend date is Friday, October 30th. This represents a $1.25 dividend on an annualized basis and a yield of 6.2%.

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.