IFC Advisors LLC Buys New Position in Angel Oak Income ETF $CARY

IFC Advisors LLC bought a new stake in shares of Angel Oak Income ETF (NASDAQ:CARY) in the 1st quarter, HoldingsChannel reports. The firm bought 2,971,014 shares of the company’s stock, valued at approximately $61,717,000. Angel Oak Income ETF accounts for about 8.8% of IFC Advisors LLC’s investment portfolio, making the stock its 3rd largest position. IFC Advisors LLC owned approximately 0.06% of Angel Oak Income ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. bought a new position in shares of Angel Oak Income ETF in the 4th quarter worth $30,000. Bank of America Corp DE bought a new stake in shares of Angel Oak Income ETF during the 2nd quarter worth $38,000. Lloyd Advisory Services LLC. bought a new stake in shares of Angel Oak Income ETF during the 4th quarter worth $118,000. Comerica Bank lifted its holdings in shares of Angel Oak Income ETF by 12.2% during the 3rd quarter. Comerica Bank now owns 9,235 shares of the company’s stock worth $193,000 after acquiring an additional 1,007 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in Angel Oak Income ETF in the fourth quarter worth $204,000.

Angel Oak Income ETF Price Performance

CARY opened at $20.75 on Monday. Angel Oak Income ETF has a 52 week low of $20.62 and a 52 week high of $21.55. The business’s fifty day simple moving average is $20.79 and its 200 day simple moving average is $20.88.

Angel Oak Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were issued a $0.1004 dividend. The ex-dividend date was Tuesday, June 30th. This is an increase from Angel Oak Income ETF’s previous dividend of $0.09.

Angel Oak Income ETF 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.