Patten & Patten Inc. TN Grows Position in Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS)

Patten & Patten Inc. TN increased its position in Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 267,968 shares of the company’s stock after purchasing an additional 12,330 shares during the quarter. Patten & Patten Inc. TN owned approximately 1.31% of Angel Oak Mortgage-Backed Securities ETF worth $2,326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC purchased a new position in Angel Oak Mortgage-Backed Securities ETF during the fourth quarter valued at $7,765,000. NewEdge Advisors LLC raised its stake in Angel Oak Mortgage-Backed Securities ETF by 3,072.3% during the fourth quarter. NewEdge Advisors LLC now owns 637,624 shares of the company’s stock valued at $5,439,000 after buying an additional 617,524 shares during the last quarter. Mattson Financial Services LLC raised its stake in Angel Oak Mortgage-Backed Securities ETF by 42.8% during the fourth quarter. Mattson Financial Services LLC now owns 423,941 shares of the company’s stock valued at $3,773,000 after buying an additional 127,100 shares during the last quarter. Cresset Asset Management LLC purchased a new position in Angel Oak Mortgage-Backed Securities ETF during the fourth quarter valued at $539,000. Finally, Bank of America Corp DE bought a new stake in shares of Angel Oak Mortgage-Backed Securities ETF in the 4th quarter worth $484,000.

Angel Oak Mortgage-Backed Securities ETF Stock Performance

MBS stock opened at $8.60 on Monday. Angel Oak Mortgage-Backed Securities ETF has a 1-year low of $8.36 and a 1-year high of $9.08. The business has a fifty day moving average price of $8.57 and a 200-day moving average price of $8.59.

Angel Oak Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 30th were paid a $0.0355 dividend. The ex-dividend date was Monday, June 30th.

Angel Oak Mortgage-Backed Securities ETF Profile

The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.