Angel Oak Income ETF (NASDAQ:CARY) Sees Strong Trading Volume – Here’s Why

Shares of Angel Oak Income ETF (NASDAQ:CARY) saw strong trading volume on Thursday . Approximately 665,487 shares changed hands during trading, an increase of 67% from the previous session’s volume of 399,497 shares.The stock last traded at $20.4850 and had previously closed at $20.57.

Angel Oak Income ETF Trading Down 0.2%

The company’s 50-day simple moving average is $20.69 and its two-hundred day simple moving average is $20.80.

Angel Oak Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 31st were paid a dividend of $0.0931 per share. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, August 31st.

Institutional Trading of Angel Oak Income ETF

Several large investors have recently modified their holdings of the business. NewEdge Advisors LLC increased its holdings in Angel Oak Income ETF by 739.8% during the 1st quarter. NewEdge Advisors LLC now owns 39,892 shares of the company’s stock valued at $828,000 after purchasing an additional 35,142 shares during the period. Raymond James Financial Inc. lifted its holdings in Angel Oak Income ETF by 40.8% in the 2nd quarter. Raymond James Financial Inc. now owns 427,158 shares of the company’s stock worth $8,885,000 after buying an additional 123,795 shares during the period. Jane Street Group LLC purchased a new stake in Angel Oak Income ETF in the 2nd quarter worth approximately $2,296,000. Camarda Financial Advisors LLC grew its position in shares of Angel Oak Income ETF by 7.5% in the 2nd quarter. Camarda Financial Advisors LLC now owns 102,541 shares of the company’s stock worth $2,133,000 after buying an additional 7,140 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Angel Oak Income ETF in the 2nd quarter worth approximately $38,000.

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.