Angel Oak Income ETF (NASDAQ:CARY) Reaches New 52-Week Low – Here’s Why

Angel Oak Income ETF (NASDAQ:CARY) shares hit a new 52-week low during trading on Monday . The stock traded as low as $20.58 and last traded at $20.71, with a volume of 2216 shares trading hands. The stock had previously closed at $20.73.

Angel Oak Income ETF Trading Up 0.0%

The business’s fifty day moving average price is $20.76 and its 200-day moving average price is $20.84.

Angel Oak Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were paid a dividend of $0.1001 per share. The ex-dividend date was Friday, July 31st.

Hedge Funds Weigh In On Angel Oak Income ETF

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of Angel Oak Income ETF by 103,779.5% in the first quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock worth $102,862,000 after purchasing an additional 4,947,167 shares during the last quarter. Morgan Stanley lifted its stake in Angel Oak Income ETF by 49.8% in the fourth quarter. Morgan Stanley now owns 4,791,541 shares of the company’s stock worth $99,786,000 after purchasing an additional 1,593,932 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Angel Oak Income ETF by 5.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,915,782 shares of the company’s stock valued at $81,548,000 after buying an additional 204,673 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Angel Oak Income ETF by 13.7% in the 1st quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock worth $74,003,000 after purchasing 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 $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.