Angel Oak Income ETF (NASDAQ:CARY) Reaches New 52-Week Low – What’s Next?

Angel Oak Income ETF (NASDAQ:CARY)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $20.62 and last traded at $20.62, with a volume of 6754 shares traded. The stock had previously closed at $20.74.

Angel Oak Income ETF Stock Down 0.6%

The stock’s 50 day moving average price is $20.78 and its 200 day moving average price is $20.86.

Angel Oak Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a $0.1004 dividend. The ex-dividend date was Tuesday, June 30th. This is an increase from Angel Oak Income ETF’s previous dividend of $0.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Truist Financial Corp boosted its stake in Angel Oak Income ETF by 0.6% during the 4th quarter. Truist Financial Corp now owns 95,399 shares of the company’s stock valued at $1,987,000 after acquiring an additional 588 shares during the last quarter. J. Team Financial Inc. increased its position in shares of Angel Oak Income ETF by 0.9% in the 4th quarter. J. Team Financial Inc. now owns 94,104 shares of the company’s stock worth $1,960,000 after purchasing an additional 845 shares during the last quarter. Comerica Bank increased its position in shares of Angel Oak Income ETF by 10.4% in the 4th quarter. Comerica Bank now owns 10,193 shares of the company’s stock worth $212,000 after purchasing an additional 958 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Angel Oak Income ETF in the 4th quarter valued at about $30,000. Finally, Bank of America Corp DE acquired a new stake in shares of Angel Oak Income ETF in the 2nd quarter valued at about $38,000.

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