Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Kevin Parks Buys 1,000 Shares

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Kevin Parks purchased 1,000 shares of the stock in a transaction on Monday, September 14th. The stock was acquired at an average cost of $12.53 per share, with a total value of $12,530.00. Following the acquisition, the portfolio manager owned 6,667 shares of the company’s stock, valued at approximately $83,537.51. This represents a 17.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.4%

NYSE FINS opened at $12.44 on Tuesday. The company has a fifty day simple moving average of $12.63 and a two-hundred day simple moving average of $12.72. Angel Oak Financial Strategies Income Term Trust has a 12-month low of $12.38 and a 12-month high of $13.55.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.115 dividend. The ex-dividend date is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FINS. Riverbridge Partners LLC raised its stake in shares of Angel Oak Financial Strategies Income Term Trust by 8.3% during the 1st quarter. Riverbridge Partners LLC now owns 233,477 shares of the company’s stock valued at $2,977,000 after buying an additional 17,967 shares during the last quarter. First Trust Advisors LP grew its holdings in Angel Oak Financial Strategies Income Term Trust by 8.4% during the first quarter. First Trust Advisors LP now owns 203,077 shares of the company’s stock worth $2,589,000 after acquiring an additional 15,750 shares during the period. Closed End Fund Advisors Inc. purchased a new position in Angel Oak Financial Strategies Income Term Trust during the fourth quarter valued at approximately $1,602,000. Corient Private Wealth LP raised its position in Angel Oak Financial Strategies Income Term Trust by 35.6% during the second quarter. Corient Private Wealth LP now owns 40,666 shares of the company’s stock valued at $521,000 after acquiring an additional 10,666 shares in the last quarter. Finally, Summit Asset Management LLC acquired a new position in Angel Oak Financial Strategies Income Term Trust in the fourth quarter valued at approximately $343,000.

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.