Angel Oak Income ETF (NASDAQ:CARY) Hits New 1-Year High – What’s Next?

Angel Oak Income ETF (NASDAQ:CARY)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $21.55 and last traded at $20.8950, with a volume of 5303 shares traded. The stock had previously closed at $20.90.

Angel Oak Income ETF Stock Performance

The business’s 50 day simple moving average is $20.93 and its two-hundred day simple moving average is $20.92.

Angel Oak Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 31st were given a dividend of $0.1785 per share. This represents a c) annualized dividend and a dividend yield of 10.2%. This is an increase from Angel Oak Income ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Wednesday, December 31st.

Hedge Funds Weigh In On Angel Oak Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors boosted its stake in Angel Oak Income ETF by 26.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,906,625 shares of the company’s stock valued at $60,778,000 after purchasing an additional 615,443 shares during the last quarter. UBS Group AG lifted its holdings in shares of Angel Oak Income ETF by 59.6% during the third quarter. UBS Group AG now owns 1,500,562 shares of the company’s stock valued at $31,377,000 after purchasing an additional 560,571 shares in the last quarter. Beacon Capital Management Inc. purchased a new stake in shares of Angel Oak Income ETF during the third quarter valued at $11,274,000. Astor Investment Management LLC purchased a new stake in shares of Angel Oak Income ETF during the second quarter valued at $7,983,000. Finally, Envestnet Asset Management Inc. bought a new stake in Angel Oak Income ETF in the 2nd quarter worth about $7,455,000.

Angel Oak Income ETF Company 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.