Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) Raises Dividend to $0.05 Per Share

Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) declared a dividend on Wednesday, April 29th, NASDAQ Dividends reports. Shareholders of record on Thursday, April 30th will be paid a dividend of 0.048 per share on Friday, May 1st. The ex-dividend date is Thursday, April 30th. This is a 3.3% increase from Angel Oak Mortgage-Backed Securities ETF’s previous dividend of $0.05.

Angel Oak Mortgage-Backed Securities ETF Price Performance

Shares of NASDAQ MBS traded down $0.03 during midday trading on Thursday, reaching $8.67. 294,604 shares of the company’s stock traded hands, compared to its average volume of 120,333. The stock’s 50 day simple moving average is $8.76 and its 200-day simple moving average is $8.77. Angel Oak Mortgage-Backed Securities ETF has a one year low of $8.47 and a one year high of $9.16.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. RFG Advisory LLC raised its holdings in shares of Angel Oak Mortgage-Backed Securities ETF by 5.0% in the first quarter. RFG Advisory LLC now owns 135,472 shares of the company’s stock worth $1,173,000 after buying an additional 6,393 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Angel Oak Mortgage-Backed Securities ETF by 0.8% in the fourth quarter. Osaic Holdings Inc. now owns 7,006,460 shares of the company’s stock valued at $61,271,000 after buying an additional 52,792 shares in the last quarter. MML Investors Services LLC grew its position in shares of Angel Oak Mortgage-Backed Securities ETF by 1,000.0% in the fourth quarter. MML Investors Services LLC now owns 308,179 shares of the company’s stock valued at $2,695,000 after purchasing an additional 280,162 shares during the period. LPL Financial LLC grew its position in shares of Angel Oak Mortgage-Backed Securities ETF by 54.6% in the fourth quarter. LPL Financial LLC now owns 132,385 shares of the company’s stock valued at $1,158,000 after purchasing an additional 46,734 shares during the period. Finally, Weaver Consulting Group acquired a new stake in shares of Angel Oak Mortgage-Backed Securities ETF in the fourth quarter valued at about $271,000.

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.