Angel Oak Financial Strategies Income Term Trust (FINS) To Go Ex-Dividend on January 16th

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, January 16th will be given a dividend of 0.115 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 10.4%. The ex-dividend date of this dividend is Friday, January 16th.

Angel Oak Financial Strategies Income Term Trust Price Performance

NYSE FINS traded up $0.03 during trading on Wednesday, hitting $13.31. The company’s stock had a trading volume of 10,462 shares, compared to its average volume of 40,685. Angel Oak Financial Strategies Income Term Trust has a fifty-two week low of $12.21 and a fifty-two week high of $13.64. The business’s 50 day simple moving average is $13.13 and its 200-day simple moving average is $13.12.

Institutional Investors Weigh In On Angel Oak Financial Strategies Income Term Trust

A number of large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake in shares of Angel Oak Financial Strategies Income Term Trust by 39.3% in the second quarter. Advisors Asset Management Inc. now owns 352,176 shares of the company’s stock worth $4,571,000 after acquiring an additional 99,428 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter worth $2,641,000. Dakota Wealth Management raised its position in shares of Angel Oak Financial Strategies Income Term Trust by 34.9% in the second quarter. Dakota Wealth Management now owns 83,435 shares of the company’s stock valued at $1,083,000 after buying an additional 21,585 shares during the last quarter. Ignite Planners LLC raised its position in shares of Angel Oak Financial Strategies Income Term Trust by 12.3% in the second quarter. Ignite Planners LLC now owns 11,620 shares of the company’s stock valued at $150,000 after buying an additional 1,271 shares during the last quarter. Finally, Riverbridge Partners LLC lifted its stake in shares of Angel Oak Financial Strategies Income Term Trust by 3.9% in the second quarter. Riverbridge Partners LLC now owns 121,663 shares of the company’s stock worth $1,579,000 after buying an additional 4,590 shares in the last quarter.

About Angel Oak Financial Strategies Income Term Trust

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.