Insider Buying: Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Acquires $11,900.00 in Stock

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Kevin Parks bought 1,000 shares of Angel Oak Financial Strategies Income Term Trust stock in a transaction dated Friday, September 25th. The stock was acquired at an average price of $11.90 per share, with a total value of $11,900.00. Following the purchase, the portfolio manager directly owned 7,667 shares of the company’s stock, valued at approximately $91,237.30. This represents a 15.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Kevin Parks also recently made the following trade(s):

• On Monday, September 14th, Kevin Parks purchased 1,000 shares of Angel Oak Financial Strategies Income Term Trust stock. The shares were acquired at an average price of $12.53 per share, for a total transaction of $12,530.00.

Angel Oak Financial Strategies Income Term Trust Stock Up 0.8%

FINS opened at $11.95 on Thursday. The company has a 50 day moving average of $12.46 and a 200 day moving average of $12.65. Angel Oak Financial Strategies Income Term Trust has a 12 month low of $11.85 and a 12 month high of $13.45.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.1150 per share. The ex-dividend date was Wednesday, September 16th. This represents a $1.38 annualized dividend and a dividend yield of 11.5%.

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

Several hedge funds have recently made changes to their positions in FINS. Envestnet Asset Management Inc. lifted its holdings in Angel Oak Financial Strategies Income Term Trust by 25.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 300,777 shares of the company’s stock worth $3,850,000 after purchasing an additional 61,374 shares in the last quarter. Riverbridge Partners LLC grew its holdings in Angel Oak Financial Strategies Income Term Trust by 8.3% during the 1st quarter. Riverbridge Partners LLC now owns 233,477 shares of the company’s stock valued at $2,977,000 after buying an additional 17,967 shares in the last quarter. First Trust Advisors LP grew its holdings in Angel Oak Financial Strategies Income Term Trust by 8.4% during the 1st quarter. First Trust Advisors LP now owns 203,077 shares of the company’s stock valued at $2,589,000 after buying an additional 15,750 shares in the last quarter. Closed End Fund Advisors Inc. bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the fourth quarter valued at about $1,602,000. Finally, Corient Private Wealth LP increased 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 valued at $521,000 after buying an additional 10,666 shares during the period.

Angel Oak Financial Strategies Income Term Trust Company Profile

Angel Oak Financial Strategies Income Term Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol FINS. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing primarily in debt instruments and other income-producing assets associated with the financial services sector.

Its portfolio may include residential mortgage-backed securities, asset-backed securities, collateralized loan obligations, corporate debt and other structured or credit-related investments.