Legacy CG LLC boosted its stake in shares of Angel Oak Income ETF (NASDAQ:CARY – Free Report) by 89.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 779,939 shares of the company’s stock after purchasing an additional 367,866 shares during the period. Angel Oak Income ETF makes up approximately 4.0% of Legacy CG LLC’s portfolio, making the stock its 7th biggest holding. Legacy CG LLC owned 1.09% of Angel Oak Income ETF worth $15,692,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the stock. Sage Advisory Services Ltd.Co. lifted its holdings in shares of Angel Oak Income ETF by 187.2% in the 3rd quarter. Sage Advisory Services Ltd.Co. now owns 787,954 shares of the company’s stock valued at $15,854,000 after buying an additional 513,594 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Angel Oak Income ETF during the third quarter worth about $2,165,000. MBL Wealth LLC grew its holdings in Angel Oak Income ETF by 1.2% during the third quarter. MBL Wealth LLC now owns 537,221 shares of the company’s stock worth $10,809,000 after acquiring an additional 6,606 shares during the period. Crescent Grove Advisors LLC raised its position in Angel Oak Income ETF by 7.5% during the third quarter. Crescent Grove Advisors LLC now owns 604,209 shares of the company’s stock valued at $12,219,000 after acquiring an additional 42,412 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its position in Angel Oak Income ETF by 2.6% during the third quarter. Axxcess Wealth Management LLC now owns 441,930 shares of the company’s stock valued at $8,892,000 after acquiring an additional 11,035 shares in the last quarter.
Angel Oak Income ETF Price Performance
Shares of NASDAQ:CARY opened at $20.29 on Wednesday. Angel Oak Income ETF has a 12-month low of $20.07 and a 12-month high of $21.55. The business has a 50 day moving average of $20.36 and a two-hundred day moving average of $20.72.
Angel Oak Income ETF’s stock is set 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 closing bell on Sunday, November 15th.
Angel Oak Income ETF Increases Dividend
The company also recently announced a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were issued a dividend of $0.1044 per share. This is a positive change from Angel Oak Income ETF’s previous monthly dividend of $0.1025. The ex-dividend date of this dividend was Friday, October 30th. This represents a $1.25 annualized dividend and a dividend yield of 6.2%.
Angel Oak Income ETF 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.
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