Angel Oak Income ETF (NASDAQ:CARY) Sees Unusually-High Trading Volume – Here’s Why

Angel Oak Income ETF (NASDAQ:CARY) shares saw an uptick in trading volume on Thursday . 835,637 shares changed hands during trading, an increase of 115% from the previous session’s volume of 388,257 shares.The stock last traded at $20.74 and had previously closed at $20.75.

Angel Oak Income ETF Price Performance

The stock has a 50 day moving average of $20.80 and a 200-day moving average of $20.88.

Angel Oak Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were paid a $0.1004 dividend. The ex-dividend date was Tuesday, June 30th. This is a positive change from Angel Oak Income ETF’s previous dividend of $0.09.

Institutional Investors Weigh In On Angel Oak Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of CARY. NewEdge Advisors LLC increased its holdings in Angel Oak Income ETF by 739.8% in the 1st quarter. NewEdge Advisors LLC now owns 39,892 shares of the company’s stock worth $828,000 after buying an additional 35,142 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Angel Oak Income ETF by 40.8% in the 2nd quarter. Raymond James Financial Inc. now owns 427,158 shares of the company’s stock valued at $8,885,000 after acquiring an additional 123,795 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Angel Oak Income ETF in the 2nd quarter valued at $2,296,000. Camarda Financial Advisors LLC increased its stake in shares of Angel Oak Income ETF by 7.5% in the second quarter. Camarda Financial Advisors LLC now owns 102,541 shares of the company’s stock worth $2,133,000 after acquiring an additional 7,140 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of Angel Oak Income ETF in the second quarter worth $38,000.

About Angel Oak Income ETF

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.