Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Announces $0.12 Monthly Dividend

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) declared a monthly dividend on Tuesday, September 1st. Investors of record on Wednesday, September 16th will be paid a dividend of 0.115 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 10.9%. The ex-dividend date is Wednesday, September 16th.

Angel Oak Financial Strategies Income Term Trust Price Performance

FINS stock traded down $0.10 during midday trading on Wednesday, hitting $12.65. 558 shares of the company’s stock were exchanged, compared to its average volume of 45,909. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $12.38 and a 1-year high of $13.55. The business has a 50-day simple moving average of $12.66 and a two-hundred day simple moving average of $12.76.

Hedge Funds Weigh In On Angel Oak Financial Strategies Income Term Trust

Large investors have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new position in Angel Oak Financial Strategies Income Term Trust during the 2nd quarter worth about $139,000. Corient Private Wealth LP lifted its position in shares of Angel Oak Financial Strategies Income Term Trust by 35.6% during the second quarter. Corient Private Wealth LP now owns 40,666 shares of the company’s stock worth $521,000 after purchasing an additional 10,666 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of Angel Oak Financial Strategies Income Term Trust in the second quarter valued at approximately $145,000. First Trust Advisors LP grew its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 8.4% in the first quarter. First Trust Advisors LP now owns 203,077 shares of the company’s stock valued at $2,589,000 after purchasing an additional 15,750 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in Angel Oak Financial Strategies Income Term Trust during the 1st quarter worth approximately $57,000.

About Angel Oak Financial Strategies Income Term Trust

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.