Insider Buying: Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Purchases $12,530.00 in Stock

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Kevin Parks bought 1,000 shares of the business’s stock in a transaction on Monday, September 14th. The stock was bought at an average price of $12.53 per share, with a total value of $12,530.00. Following the transaction, the portfolio manager owned 6,667 shares in the company, valued at approximately $83,537.51. This represents a 17.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Angel Oak Financial Strategies Income Term Trust Stock Performance

Angel Oak Financial Strategies Income Term Trust stock opened at $12.28 on Thursday. The company’s fifty day simple moving average is $12.61 and its 200-day simple moving average is $12.71. Angel Oak Financial Strategies Income Term Trust has a 12 month low of $12.20 and a 12 month high of $13.45.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.115 per share. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Wednesday, September 16th.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FINS. GHP Investment Advisors Inc. acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 1st quarter worth $32,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the 2nd quarter valued at $46,000. Fifth Third Bancorp bought a new stake in Angel Oak Financial Strategies Income Term Trust in the first quarter worth $57,000. Citadel Advisors LLC bought a new stake in Angel Oak Financial Strategies Income Term Trust in the second quarter worth $139,000. Finally, Susquehanna International Group LLP acquired a new position in Angel Oak Financial Strategies Income Term Trust during the second quarter worth $145,000.

Angel Oak Financial Strategies Income Term Trust Company Profile

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.