Angel Oak Income ETF (NASDAQ:CARY) Sees Unusually-High Trading Volume – Here’s Why

Angel Oak Income ETF (NASDAQ:CARY) shares saw an uptick in trading volume on Wednesday . 2,235,166 shares were traded during trading, an increase of 1,155% from the previous session’s volume of 178,121 shares.The stock last traded at $20.90 and had previously closed at $20.90.

Angel Oak Income ETF Stock Performance

The company has a 50 day moving average price of $20.97 and a two-hundred day moving average price of $20.82.

Angel Oak Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 31st were paid a $0.1015 dividend. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Friday, October 31st.

Institutional Trading of Angel Oak Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its position in shares of Angel Oak Income ETF by 47.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 528,292 shares of the company’s stock worth $11,047,000 after purchasing an additional 169,884 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Angel Oak Income ETF by 2.6% during the 3rd quarter. AE Wealth Management LLC now owns 35,822 shares of the company’s stock valued at $749,000 after acquiring an additional 916 shares during the period. Truist Financial Corp purchased a new position in Angel Oak Income ETF during the 3rd quarter valued at about $1,982,000. Arkadios Wealth Advisors boosted its holdings in Angel Oak Income ETF by 26.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,906,625 shares of the company’s stock valued at $60,778,000 after acquiring an additional 615,443 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Angel Oak Income ETF by 35.6% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 20,595 shares of the company’s stock valued at $431,000 after buying an additional 5,407 shares during the period.

Angel Oak Income ETF Company 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.