Angel Oak Income ETF $CARY Stock Acquired by Sage Advisory Services Ltd.Co.

Sage Advisory Services Ltd.Co. boosted its stake in Angel Oak Income ETF (NASDAQ:CARY) by 187.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 787,954 shares of the company’s stock after buying an additional 513,594 shares during the quarter. Angel Oak Income ETF accounts for approximately 8.5% of Sage Advisory Services Ltd.Co.’s portfolio, making the stock its 3rd biggest position. Sage Advisory Services Ltd.Co.’s holdings in Angel Oak Income ETF were worth $15,854,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. bought a new stake in Angel Oak Income ETF in the third quarter worth $2,165,000. MBL Wealth LLC increased its holdings in Angel Oak Income ETF by 1.2% in the 3rd quarter. MBL Wealth LLC now owns 537,221 shares of the company’s stock worth $10,809,000 after buying an additional 6,606 shares in the last quarter. Crescent Grove Advisors LLC boosted its stake in shares of Angel Oak Income ETF by 7.5% in the 3rd quarter. Crescent Grove Advisors LLC now owns 604,209 shares of the company’s stock worth $12,219,000 after buying an additional 42,412 shares during the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Angel Oak Income ETF by 2.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 441,930 shares of the company’s stock valued at $8,892,000 after buying an additional 11,035 shares in the last quarter. Finally, Oregon Pacific Wealth Management LLC purchased a new position in Angel Oak Income ETF in the 3rd quarter worth approximately $270,000.

Angel Oak Income ETF Stock Performance

Shares of Angel Oak Income ETF stock opened at $20.30 on Monday. Angel Oak Income ETF has a one year low of $20.07 and a one year high of $21.55. The stock has a 50 day moving average price of $20.38 and a 200-day moving average price of $20.73.

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

Angel Oak Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 30th will be issued a dividend of $0.1044 per share. This represents a $1.25 annualized dividend and a dividend yield of 6.2%. This is a boost from Angel Oak Income ETF’s previous monthly dividend of $0.1025. The ex-dividend date of this dividend is Friday, October 30th.

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.