Angel Oak Income ETF (NASDAQ:CARY) Sees Large Volume Increase – Should You Buy?

Angel Oak Income ETF (NASDAQ:CARY) saw strong trading volume on Wednesday . 568,542 shares traded hands during trading, an increase of 44% from the previous session’s volume of 395,353 shares.The stock last traded at $20.70 and had previously closed at $20.68.

Angel Oak Income ETF Stock Performance

The business has a 50-day moving average of $20.76 and a two-hundred day moving average of $20.84.

Angel Oak Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were issued a $0.1001 dividend. The ex-dividend date was Friday, July 31st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG raised its stake in Angel Oak Income ETF by 44.9% in the fourth quarter. UBS Group AG now owns 2,174,367 shares of the company’s stock valued at $45,283,000 after buying an additional 673,805 shares during the last quarter. Channel Wealth LLC increased its holdings in shares of Angel Oak Income ETF by 6.6% during the fourth quarter. Channel Wealth LLC now owns 1,152,894 shares of the company’s stock valued at $24,010,000 after acquiring an additional 71,751 shares in the last quarter. Tortoise Investment Management LLC raised its position in shares of Angel Oak Income ETF by 5.2% in the 4th quarter. Tortoise Investment Management LLC now owns 647,945 shares of the company’s stock valued at $13,494,000 after purchasing an additional 31,839 shares during the last quarter. Omnitrust Wealth Management Inc acquired a new stake in Angel Oak Income ETF in the 4th quarter worth approximately $540,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Angel Oak Income ETF by 100.5% during the 2nd 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 purchasing an additional 25,940 shares during the last quarter.

Angel Oak Income ETF Company Profile

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.