Angel Oak Income ETF (NASDAQ:CARY) Hits New 12-Month Low – Here’s What Happened

Angel Oak Income ETF (NASDAQ:CARY) hit a new 52-week low during trading on Tuesday . The stock traded as low as $20.56 and last traded at $20.58, with a volume of 7830 shares trading hands. The stock had previously closed at $20.60.

Angel Oak Income ETF Price Performance

The stock has a 50 day simple moving average of $20.74 and a two-hundred day simple moving average of $20.82.

Angel Oak Income ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 31st will be paid a $0.0931 dividend. The ex-dividend date of this dividend is Monday, August 31st.

Institutional Trading of Angel Oak Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CARY. NewEdge Advisors LLC grew its position in shares of Angel Oak Income ETF by 739.8% in the 1st quarter. NewEdge Advisors LLC now owns 39,892 shares of the company’s stock valued at $828,000 after acquiring an additional 35,142 shares during the period. Raymond James Financial Inc. grew its holdings in Angel Oak Income ETF by 40.8% during the second quarter. Raymond James Financial Inc. now owns 427,158 shares of the company’s stock worth $8,885,000 after purchasing an additional 123,795 shares during the period. Jane Street Group LLC bought a new position in Angel Oak Income ETF during the second quarter worth about $2,296,000. Camarda Financial Advisors LLC increased its position in Angel Oak Income ETF by 7.5% during the second quarter. Camarda Financial Advisors LLC now owns 102,541 shares of the company’s stock worth $2,133,000 after buying an additional 7,140 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in Angel Oak Income ETF during the second quarter worth approximately $38,000.

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.