UBS Group AG Cuts Position in Angel Oak Financial Strategies Income Term Trust $FINS

UBS Group AG lessened its stake in Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 720,275 shares of the company’s stock after selling 72,602 shares during the quarter. UBS Group AG’s holdings in Angel Oak Financial Strategies Income Term Trust were worth $9,515,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. purchased a new position in Angel Oak Financial Strategies Income Term Trust during the 2nd quarter valued at about $76,000. PFG Investments LLC purchased a new position in Angel Oak Financial Strategies Income Term Trust during the 3rd quarter valued at about $132,000. Bank of America Corp DE purchased a new position in Angel Oak Financial Strategies Income Term Trust during the 2nd quarter valued at about $141,000. Choreo LLC increased its holdings in Angel Oak Financial Strategies Income Term Trust by 3.1% during the 3rd quarter. Choreo LLC now owns 27,381 shares of the company’s stock valued at $359,000 after acquiring an additional 816 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new position in Angel Oak Financial Strategies Income Term Trust during the 2nd quarter valued at about $389,000.

Angel Oak Financial Strategies Income Term Trust Stock Performance

NYSE:FINS opened at $12.73 on Friday. The firm has a 50-day moving average price of $12.76 and a two-hundred day moving average price of $13.02. Angel Oak Financial Strategies Income Term Trust has a twelve month low of $12.38 and a twelve month high of $13.55.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.115 per share. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date is Friday, May 15th.

Angel Oak Financial Strategies Income Term Trust Company Profile

Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) is a closed-end, diversified management investment trust that commenced operations in early 2023. Organized as a Delaware statutory trust, FINS is structured with a defined termination date, at which point the trust will liquidate and distribute remaining assets to shareholders. Shares of the trust trade on the New York Stock Exchange, providing investors access to a yield-oriented portfolio through a single security.

The trust seeks to generate current income principally through investments in a broad array of structured credit instruments.