Tortoise Investment Management LLC Has $13.49 Million Stake in Angel Oak Income ETF $CARY

Tortoise Investment Management LLC increased its holdings in Angel Oak Income ETF (NASDAQ:CARY) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 647,945 shares of the company’s stock after buying an additional 31,839 shares during the period. Angel Oak Income ETF accounts for 1.2% of Tortoise Investment Management LLC’s holdings, making the stock its 25th largest position. Tortoise Investment Management LLC owned 1.64% of Angel Oak Income ETF worth $13,494,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Arkadios Wealth Advisors increased its stake in Angel Oak Income ETF by 26.9% in the third quarter. Arkadios Wealth Advisors now owns 2,906,625 shares of the company’s stock valued at $60,778,000 after acquiring an additional 615,443 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in Angel Oak Income ETF by 1,125.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 173,579 shares of the company’s stock valued at $3,615,000 after acquiring an additional 159,418 shares during the last quarter. MBL Wealth LLC increased its stake in Angel Oak Income ETF by 6.5% in the fourth quarter. MBL Wealth LLC now owns 520,038 shares of the company’s stock valued at $10,830,000 after acquiring an additional 31,933 shares during the last quarter. Truist Financial Corp bought a new position in Angel Oak Income ETF in the third quarter valued at approximately $1,982,000. Finally, Envestnet Asset Management Inc. increased its stake in Angel Oak Income ETF by 47.4% in the third quarter. Envestnet Asset Management Inc. now owns 528,292 shares of the company’s stock valued at $11,047,000 after acquiring an additional 169,884 shares during the last quarter.

Angel Oak Income ETF Price Performance

Shares of NASDAQ:CARY opened at $20.74 on Tuesday. The company’s 50 day simple moving average is $20.86 and its 200 day simple moving average is $20.92. Angel Oak Income ETF has a 1 year low of $20.51 and a 1 year high of $21.55.

Angel Oak Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 1st. Investors of record on Thursday, April 30th were paid a $0.0934 dividend. The ex-dividend date of this dividend was Thursday, April 30th.

Angel Oak Income ETF 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. Securities could be of any credit quality or maturity. CARY was launched on Nov 7, 2022 and is issued by Angel Oak.