Angel Oak Income ETF (NASDAQ:CARY) Sets New 12-Month Low – Time to Sell?

Angel Oak Income ETF (NASDAQ:CARY)’s stock price reached a new 52-week low on Monday . The stock traded as low as $20.58 and last traded at $20.71, with a volume of 2216 shares changing hands. The stock had previously closed at $20.73.

Angel Oak Income ETF Stock Up 0.0%

The business has a fifty day simple moving average of $20.76 and a 200-day simple moving average of $20.84.

Angel Oak Income ETF Cuts Dividend

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

Hedge Funds Weigh In On Angel Oak Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in shares of Angel Oak Income ETF by 103,779.5% in the first quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock worth $102,862,000 after purchasing an additional 4,947,167 shares during the last quarter. Morgan Stanley increased its holdings in Angel Oak Income ETF by 49.8% in the 4th quarter. Morgan Stanley now owns 4,791,541 shares of the company’s stock worth $99,786,000 after buying an additional 1,593,932 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Angel Oak Income ETF by 5.5% in the 4th quarter. Wells Fargo & Company MN now owns 3,915,782 shares of the company’s stock worth $81,548,000 after buying an additional 204,673 shares in the last quarter. Arkadios Wealth Advisors raised its position in 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 buying an additional 428,745 shares during the last quarter. Finally, IFC Advisors LLC bought a new position in Angel Oak Income ETF during the 1st quarter valued at about $61,717,000.

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.