Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) Stock Price Up 0.1% – Still a Buy?

Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) shares traded up 0.1% during trading on Friday . The stock traded as high as $8.79 and last traded at $8.77. 35,360 shares were traded during mid-day trading, a decline of 74% from the average session volume of 134,433 shares. The stock had previously closed at $8.76.

Angel Oak Mortgage-Backed Securities ETF Stock Performance

The firm has a 50 day moving average of $8.76 and a two-hundred day moving average of $8.65.

Angel Oak Mortgage-Backed Securities ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 31st were paid a $0.0441 dividend. The ex-dividend date was Friday, October 31st.

Institutional Investors Weigh In On Angel Oak Mortgage-Backed Securities ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC lifted its position in Angel Oak Mortgage-Backed Securities ETF by 17.4% in the 1st quarter. LPL Financial LLC now owns 1,069,192 shares of the company’s stock valued at $9,281,000 after acquiring an additional 158,850 shares in the last quarter. Patten & Patten Inc. TN lifted its holdings in shares of Angel Oak Mortgage-Backed Securities ETF by 4.8% in the first quarter. Patten & Patten Inc. TN now owns 267,968 shares of the company’s stock valued at $2,326,000 after purchasing an additional 12,330 shares in the last quarter. NewEdge Wealth LLC boosted its position in shares of Angel Oak Mortgage-Backed Securities ETF by 3.6% during the first quarter. NewEdge Wealth LLC now owns 2,133,721 shares of the company’s stock worth $18,521,000 after buying an additional 74,214 shares during the period. Altfest L J & Co. Inc. boosted its position in shares of Angel Oak Mortgage-Backed Securities ETF by 52.3% during the first quarter. Altfest L J & Co. Inc. now owns 873,379 shares of the company’s stock worth $7,581,000 after buying an additional 300,088 shares during the period. Finally, Benjamin Edwards Inc. acquired a new stake in Angel Oak Mortgage-Backed Securities ETF in the 1st quarter valued at approximately $485,000.

About Angel Oak Mortgage-Backed Securities ETF

The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.