Riverbridge Partners LLC Sells 95,634 Shares of Angel Oak Financial Strategies Income Term Trust $FINS

Riverbridge Partners LLC cut its stake in shares of Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) by 40.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 139,729 shares of the company’s stock after selling 95,634 shares during the quarter. Riverbridge Partners LLC’s holdings in Angel Oak Financial Strategies Income Term Trust were worth $1,667,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the third quarter worth about $194,000. Mountain Hill Investment Partners Corp. grew its stake in Angel Oak Financial Strategies Income Term Trust by 30.0% in the third quarter. Mountain Hill Investment Partners Corp. now owns 4,333 shares of the company’s stock worth $52,000 after purchasing an additional 1,000 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Angel Oak Financial Strategies Income Term Trust by 25.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 300,777 shares of the company’s stock worth $3,850,000 after buying an additional 61,374 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Angel Oak Financial Strategies Income Term Trust in the second quarter worth about $46,000. Finally, Citadel Advisors LLC bought a new position in Angel Oak Financial Strategies Income Term Trust during the 2nd quarter valued at approximately $139,000.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.2%

FINS opened at $11.83 on Thursday. Angel Oak Financial Strategies Income Term Trust has a 1 year low of $11.61 and a 1 year high of $13.45. The stock has a 50-day moving average price of $12.05 and a 200-day moving average price of $12.62.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a $0.1150 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 11.7%. The ex-dividend date is Monday, November 16th.

Angel Oak Financial Strategies Income Term Trust Profile

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) is a closed-end investment company managed by Angel Oak Capital Advisors, LLC. The fund seeks to provide current income and, as a secondary objective, capital appreciation by investing primarily in debt and other income-producing securities issued by or associated with financial institutions and financial services companies. FINS may invest across a range of financial assets, including bank loans, corporate debt, mortgage-related securities, structured credit and other securities linked to the financial sector.