Angel Oak Income ETF (NASDAQ:CARY) Stock Price Breaks Below 50-Day Moving Average – Here’s What Happened

Angel Oak Income ETF (NASDAQ:CARY)’s share price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $20.33 and traded as low as $20.27. Angel Oak Income ETF shares last traded at $20.28, with a volume of 563,124 shares.

Angel Oak Income ETF Stock Down 0.4%

The business has a 50 day moving average price of $20.33 and a 200 day moving average price of $20.71.

Angel Oak Income ETF shares are going to reverse split on Monday, November 16th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 15th.

Angel Oak Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were paid a $0.1044 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Friday, October 30th. This is a positive change from Angel Oak Income ETF’s previous monthly dividend of $0.1025.

Institutional Trading of Angel Oak Income ETF

Institutional investors have recently bought and sold shares of the company. OneAscent Family Office LLC bought a new stake in Angel Oak Income ETF during the 3rd quarter valued at about $234,000. Everest Financial Group LLC purchased a new position in Angel Oak Income ETF in the first quarter worth about $255,000. Kestra Advisory Services LLC purchased a new position in Angel Oak Income ETF in the third quarter worth about $268,000. Oregon Pacific Wealth Management LLC bought a new position in shares of Angel Oak Income ETF in the third quarter worth approximately $270,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Angel Oak Income ETF in the second quarter worth approximately $288,000.

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.