Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Johannes Palsson Purchases 5,670 Shares

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Johannes Palsson purchased 5,670 shares of the stock in a transaction dated Thursday, April 18th. The stock was purchased at an average price of $12.39 per share, for a total transaction of $70,251.30. Following the completion of the acquisition, the portfolio manager now directly owns 46,403 shares in the company, valued at approximately $574,933.17. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Angel Oak Financial Strategies Income Term Trust Stock Up 0.5 %

Shares of Angel Oak Financial Strategies Income Term Trust stock opened at $12.39 on Friday. The company has a 50 day moving average price of $12.34 and a 200 day moving average price of $12.15. Angel Oak Financial Strategies Income Term Trust has a 52 week low of $11.61 and a 52 week high of $12.55.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a $0.109 dividend. This represents a $1.31 annualized dividend and a dividend yield of 10.56%. The ex-dividend date is Monday, April 15th.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SFI Advisors LLC raised its position in shares of Angel Oak Financial Strategies Income Term Trust by 7.2% in the 4th quarter. SFI Advisors LLC now owns 43,951 shares of the company’s stock valued at $523,000 after purchasing an additional 2,941 shares during the last quarter. Dakota Wealth Management grew its stake in Angel Oak Financial Strategies Income Term Trust by 10.7% in the 3rd quarter. Dakota Wealth Management now owns 46,925 shares of the company’s stock valued at $565,000 after acquiring an additional 4,525 shares during the period. D.A. Davidson & CO. grew its stake in Angel Oak Financial Strategies Income Term Trust by 43.1% in the 4th quarter. D.A. Davidson & CO. now owns 18,800 shares of the company’s stock valued at $224,000 after acquiring an additional 5,659 shares during the period. First Trust Advisors LP grew its stake in Angel Oak Financial Strategies Income Term Trust by 25.3% in the 4th quarter. First Trust Advisors LP now owns 28,929 shares of the company’s stock valued at $345,000 after acquiring an additional 5,835 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Angel Oak Financial Strategies Income Term Trust by 7.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 93,116 shares of the company’s stock worth $1,148,000 after purchasing an additional 6,671 shares during the last quarter.

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