Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.115 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Wednesday, September 16th.
Angel Oak Financial Strategies Income Term Trust Trading Down 0.6%
Shares of FINS stock opened at $12.68 on Thursday. Angel Oak Financial Strategies Income Term Trust has a 52-week low of $12.38 and a 52-week high of $13.55. The business’s fifty day moving average is $12.66 and its 200 day moving average is $12.76.
Institutional Trading of Angel Oak Financial Strategies Income Term Trust
Several large investors have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. bought a new position in shares of Angel Oak Financial Strategies Income Term Trust during the first quarter valued at approximately $32,000. Kestra Advisory Services LLC purchased a new position in shares of Angel Oak Financial Strategies Income Term Trust during the 4th quarter valued at about $53,000. Fifth Third Bancorp purchased a new stake in Angel Oak Financial Strategies Income Term Trust in the 1st quarter worth $57,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Angel Oak Financial Strategies Income Term Trust in the second quarter worth $76,000. Finally, Citadel Advisors LLC purchased a new position in Angel Oak Financial Strategies Income Term Trust during the 2nd quarter valued at approximately $139,000.
About Angel Oak Financial Strategies Income Term Trust
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.
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