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

Angel Oak Income ETF (NASDAQ:CARY) shares reached a new 52-week low on Wednesday . The stock traded as low as $20.56 and last traded at $20.5750, with a volume of 66440 shares traded. The stock had previously closed at $20.59.

Angel Oak Income ETF Trading Down 0.1%

The business has a 50-day moving average price of $20.71 and a two-hundred day moving average price of $20.81.

Angel Oak Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 31st were given a $0.0931 dividend. The ex-dividend date was Monday, August 31st. This represents a c) annualized dividend and a yield of 5.4%.

Hedge Funds Weigh In On Angel Oak Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CARY. Hantz Financial Services Inc. bought a new stake in Angel Oak Income ETF during the 4th quarter valued at $30,000. Bank of America Corp DE acquired a new position in shares of Angel Oak Income ETF during the second quarter valued at $38,000. Lloyd Advisory Services LLC. acquired a new position in shares of Angel Oak Income ETF during the fourth quarter valued at $118,000. Comerica Bank raised its stake in shares of Angel Oak Income ETF by 12.2% during the third quarter. Comerica Bank now owns 9,235 shares of the company’s stock valued at $193,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Angel Oak Income ETF during the fourth quarter valued at about $204,000.

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.