Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Purchases $70,251.30 in Stock

Posted by Amy Steele on Apr 22nd, 2024

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Get Free Report) Portfolio Manager Johannes Palsson acquired 5,670 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was acquired at an average price of $12.39 per share, for a total transaction of $70,251.30. Following the purchase, the portfolio manager now directly owns 46,403 shares of the company’s stock, valued at $574,933.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Angel Oak Financial Strategies Income Term Trust Stock Performance

NYSE:FINS opened at $12.39 on Monday. The stock’s 50 day moving average price is $12.34 and its two-hundred day moving average price is $12.15. Angel Oak Financial Strategies Income Term Trust has a 12-month low of $11.61 and a 12-month high of $12.55.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.109 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 10.56%.

Hedge Funds Weigh In On Angel Oak Financial Strategies Income Term Trust

A number of large investors have recently made changes to their positions in FINS. Karpus Management Inc. increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 18.2% during the fourth quarter. Karpus Management Inc. now owns 4,223,725 shares of the company’s stock worth $50,305,000 after purchasing an additional 649,193 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 43.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 449,442 shares of the company’s stock worth $5,353,000 after purchasing an additional 136,163 shares during the period. Stifel Financial Corp increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 85.7% during the fourth quarter. Stifel Financial Corp now owns 219,259 shares of the company’s stock worth $2,611,000 after purchasing an additional 101,201 shares during the period. Thomas J. Herzfeld Advisors Inc. increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 41.3% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 218,277 shares of the company’s stock worth $2,691,000 after purchasing an additional 63,774 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Angel Oak Financial Strategies Income Term Trust by 22.6% during the second quarter. Wells Fargo & Company MN now owns 311,985 shares of the company’s stock worth $3,685,000 after purchasing an additional 57,483 shares during the period.