Riverbridge Partners LLC Acquires 90,756 Shares of Angel Oak Financial Strategies Income Term Trust $FINS

Riverbridge Partners LLC raised its holdings in shares of Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) by 72.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 215,510 shares of the company’s stock after purchasing an additional 90,756 shares during the quarter. Riverbridge Partners LLC’s holdings in Angel Oak Financial Strategies Income Term Trust were worth $2,847,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Karpus Management Inc. grew its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 56.2% in the second quarter. Karpus Management Inc. now owns 5,531,335 shares of the company’s stock worth $71,797,000 after purchasing an additional 1,989,029 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Angel Oak Financial Strategies Income Term Trust by 4.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 366,396 shares of the company’s stock valued at $4,803,000 after buying an additional 14,220 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Angel Oak Financial Strategies Income Term Trust by 118.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 323,212 shares of the company’s stock valued at $4,237,000 after buying an additional 175,483 shares in the last quarter. Royal Bank of Canada boosted its position in Angel Oak Financial Strategies Income Term Trust by 2.9% in the 1st quarter. Royal Bank of Canada now owns 288,945 shares of the company’s stock valued at $3,895,000 after buying an additional 8,146 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new stake in Angel Oak Financial Strategies Income Term Trust in the 2nd quarter valued at about $2,641,000.

Angel Oak Financial Strategies Income Term Trust Stock Performance

Shares of FINS stock opened at $12.61 on Friday. The company’s 50-day simple moving average is $13.05 and its two-hundred day simple moving average is $13.11. Angel Oak Financial Strategies Income Term Trust has a one year low of $12.21 and a one year high of $13.64.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.115 dividend. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Tuesday, March 17th.

Angel Oak Financial Strategies Income Term Trust 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.