Bay Colony Advisory Group Inc d b a Bay Colony Advisors Boosts Stake in Angel Oak Income ETF $CARY

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Angel Oak Income ETF (NASDAQ:CARY) by 73.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 22,437 shares of the company’s stock after acquiring an additional 9,518 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Angel Oak Income ETF were worth $467,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CARY. Raleigh Capital Management Inc. bought a new stake in Angel Oak Income ETF during the second quarter worth about $138,000. Firethorn Wealth Partners LLC lifted its stake in Angel Oak Income ETF by 5.1% during the second quarter. Firethorn Wealth Partners LLC now owns 10,334 shares of the company’s stock worth $215,000 after purchasing an additional 504 shares during the last quarter. Argent Trust Co lifted its stake in Angel Oak Income ETF by 12.8% during the first quarter. Argent Trust Co now owns 13,250 shares of the company’s stock worth $275,000 after purchasing an additional 1,500 shares during the last quarter. DAVENPORT & Co LLC bought a new stake in Angel Oak Income ETF during the second quarter worth about $290,000. Finally, Lewis Asset Management LLC bought a new stake in Angel Oak Income ETF during the first quarter worth about $352,000.

Angel Oak Income ETF Stock Down 0.5%

Shares of CARY stock opened at $20.90 on Friday. The business has a 50-day moving average price of $20.98 and a two-hundred day moving average price of $20.82. Angel Oak Income ETF has a 12-month low of $20.40 and a 12-month high of $21.30.

Angel Oak Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 31st will be paid a $0.1015 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, October 31st.

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.