Closed End Fund Advisors Inc. Buys Shares of 121,264 Angel Oak Financial Strategies Income Term Trust $FINS

Closed End Fund Advisors Inc. bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 121,264 shares of the company’s stock, valued at approximately $1,602,000. Angel Oak Financial Strategies Income Term Trust comprises about 0.9% of Closed End Fund Advisors Inc.’s portfolio, making the stock its 29th biggest holding.

Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter valued at approximately $76,000. Bank of America Corp DE acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter valued at approximately $141,000. Summit Asset Management LLC acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the fourth quarter valued at approximately $343,000. Choreo LLC increased its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 3.1% in the third quarter. Choreo LLC now owns 27,381 shares of the company’s stock valued at $359,000 after purchasing an additional 816 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the second quarter valued at approximately $389,000.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.7%

NYSE:FINS opened at $12.71 on Friday. Angel Oak Financial Strategies Income Term Trust has a one year low of $12.38 and a one year high of $13.55. The stock has a 50 day moving average price of $12.76 and a 200 day moving average price of $12.98.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.115 dividend. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Tuesday, June 16th.

Angel Oak Financial Strategies Income Term Trust Company Profile

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.