Angel Oak Income ETF (NASDAQ:CARY) Hits New 1-Year Low – Time to Sell?

Angel Oak Income ETF (NASDAQ:CARY) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $20.56 and last traded at $20.5750, with a volume of 66440 shares. The stock had previously closed at $20.59.

Angel Oak Income ETF Stock Down 0.1%

The firm’s 50-day moving average price is $20.71 and its 200-day moving average price is $20.81.

Angel Oak Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 31st were paid a dividend of $0.0931 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a c) annualized dividend and a yield of 5.4%.

Hedge Funds Weigh In On Angel Oak Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. acquired a new position in Angel Oak Income ETF in the fourth quarter worth about $30,000. Bank of America Corp DE bought a new stake in shares of Angel Oak Income ETF in the 2nd quarter valued at approximately $38,000. Lloyd Advisory Services LLC. bought a new position in Angel Oak Income ETF during the fourth quarter worth $118,000. Comerica Bank lifted its stake in Angel Oak Income ETF by 12.2% during the third quarter. Comerica Bank now owns 9,235 shares of the company’s stock worth $193,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in Angel Oak Income ETF during the fourth quarter valued at $204,000.

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.