Angel Oak Income ETF Declares Dividend of $0.09 (NASDAQ:CARY)

Angel Oak Income ETF (NASDAQ:CARY) announced a dividend on Thursday, May 28th, NASDAQ Dividends reports. Investors of record on Friday, May 29th will be given a dividend of 0.0876 per share on Monday, June 1st. The ex-dividend date is Friday, May 29th.

Angel Oak Income ETF Stock Performance

Shares of CARY traded down $0.06 during midday trading on Friday, hitting $20.78. 480,776 shares of the company’s stock traded hands, compared to its average volume of 406,776. The firm’s fifty day moving average is $20.83 and its 200-day moving average is $20.91. Angel Oak Income ETF has a 1 year low of $20.51 and a 1 year high of $21.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CARY. Bank of America Corp DE lifted its stake in shares of Angel Oak Income ETF by 103,779.5% during the first quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock worth $102,862,000 after buying an additional 4,947,167 shares during the period. Morgan Stanley raised its stake in Angel Oak Income ETF by 49.8% in the 4th quarter. Morgan Stanley now owns 4,791,541 shares of the company’s stock worth $99,786,000 after acquiring an additional 1,593,932 shares during the last quarter. Wells Fargo & Company MN raised its stake in Angel Oak Income ETF by 5.5% in the 4th quarter. Wells Fargo & Company MN now owns 3,915,782 shares of the company’s stock worth $81,548,000 after acquiring an additional 204,673 shares during the last quarter. Arkadios Wealth Advisors lifted its position in Angel Oak Income ETF by 13.7% during the 1st quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock worth $74,003,000 after acquiring an additional 428,745 shares during the period. Finally, IFC Advisors LLC purchased a new stake in Angel Oak Income ETF during the 1st quarter valued at about $61,717,000.

About Angel Oak Income ETF

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.