Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS – Free Report)’s stock is going to reverse split on the morning of Monday, November 16th. The 1-7 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 Mortgage-Backed Securities ETF Price Performance
Shares of NASDAQ MBS opened at $8.31 on Thursday. The business’s 50-day simple moving average is $8.31 and its 200-day simple moving average is $8.58. Angel Oak Mortgage-Backed Securities ETF has a 52 week low of $8.13 and a 52 week high of $9.16.
Angel Oak Mortgage-Backed Securities ETF Increases Dividend
The business also recently announced a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were issued a $0.0384 dividend. This is an increase from Angel Oak Mortgage-Backed Securities ETF’s previous monthly dividend of $0.0382. The ex-dividend date was Friday, October 30th. This represents a $0.46 annualized dividend and a yield of 5.5%.
Hedge Funds Weigh In On Angel Oak Mortgage-Backed Securities ETF
A number of institutional investors have recently modified their holdings of MBS. Royal Bank of Canada bought a new stake in shares of Angel Oak Mortgage-Backed Securities ETF during the 1st quarter worth $51,000. Kestra Advisory Services LLC bought a new position in Angel Oak Mortgage-Backed Securities ETF in the 3rd quarter worth $83,000. Quantinno Capital Management LP bought a new position in Angel Oak Mortgage-Backed Securities ETF in the 1st quarter worth $105,000. Vise Technologies Inc. lifted its position in Angel Oak Mortgage-Backed Securities ETF by 348.6% during the 3rd quarter. Vise Technologies Inc. now owns 60,177 shares of the company’s stock worth $492,000 after acquiring an additional 46,762 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC acquired a new position in Angel Oak Mortgage-Backed Securities ETF during the 3rd quarter worth $590,000.
About Angel Oak Mortgage-Backed Securities ETF
The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.
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