Angel Oak Income ETF $CARY Stock Acquired by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC grew its position in shares of Angel Oak Income ETF (NASDAQ:CARY) by 7.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 604,209 shares of the company’s stock after acquiring an additional 42,412 shares during the period. Angel Oak Income ETF comprises about 1.0% of Crescent Grove Advisors LLC’s holdings, making the stock its 25th largest holding. Crescent Grove Advisors LLC owned about 0.84% of Angel Oak Income ETF worth $12,219,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Axxcess Wealth Management LLC raised its position in shares of Angel Oak Income ETF by 2.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 441,930 shares of the company’s stock worth $8,892,000 after acquiring an additional 11,035 shares in the last quarter. Oregon Pacific Wealth Management LLC purchased a new position in shares of Angel Oak Income ETF in the 3rd quarter valued at approximately $270,000. Islay Capital Management LLC boosted its position in shares of Angel Oak Income ETF by 8.0% during the third quarter. Islay Capital Management LLC now owns 113,300 shares of the company’s stock valued at $2,280,000 after purchasing an additional 8,400 shares in the last quarter. Independent Wealth Network Inc. bought a new stake in shares of Angel Oak Income ETF during the third quarter valued at approximately $366,000. Finally, Onyx Bridge Wealth Group LLC bought a new stake in shares of Angel Oak Income ETF during the third quarter valued at approximately $1,417,000.

Angel Oak Income ETF Stock Up 0.1%

Shares of CARY stock opened at $20.24 on Thursday. The business’s fifty day moving average is $20.43 and its 200 day moving average is $20.66. Angel Oak Income ETF has a twelve month low of $20.07 and a twelve month high of $21.55.

Angel Oak Income ETF’s stock is going to reverse split on Monday, November 16th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 15th.

Angel Oak Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.1025 per share. This is a boost from Angel Oak Income ETF’s previous monthly dividend of $0.0931. The ex-dividend date was Wednesday, September 30th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 6.1%.

Angel Oak Income ETF 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.