Closed End Fund Advisors Inc. Makes New $1.60 Million Investment in Angel Oak Financial Strategies Income Term Trust $FINS

Closed End Fund Advisors Inc. bought a new position in shares of Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 121,264 shares of the company’s stock, valued at approximately $1,602,000. Angel Oak Financial Strategies Income Term Trust comprises about 0.9% of Closed End Fund Advisors Inc.’s portfolio, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the second quarter worth $76,000. Bank of America Corp DE acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the second quarter worth $141,000. Summit Asset Management LLC acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the fourth quarter worth $343,000. Choreo LLC increased its stake in Angel Oak Financial Strategies Income Term Trust by 3.1% during the third quarter. Choreo LLC now owns 27,381 shares of the company’s stock worth $359,000 after acquiring an additional 816 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new stake in Angel Oak Financial Strategies Income Term Trust during the second quarter worth $389,000.

Angel Oak Financial Strategies Income Term Trust Price Performance

FINS stock opened at $12.71 on Friday. The business has a fifty day moving average of $12.76 and a two-hundred day moving average of $12.98. Angel Oak Financial Strategies Income Term Trust has a 52-week low of $12.38 and a 52-week high of $13.55.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) annualized dividend and a yield of 10.9%.

Angel Oak Financial Strategies Income Term Trust Profile

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.