Angel Oak Income ETF (NASDAQ:CARY) Sees Unusually-High Trading Volume – Time to Buy?

Angel Oak Income ETF (NASDAQ:CARY) saw strong trading volume on Monday . 328,363 shares changed hands during trading, a decline of 18% from the previous session’s volume of 398,780 shares.The stock last traded at $20.74 and had previously closed at $20.72.

Angel Oak Income ETF Stock Performance

The company’s 50-day moving average is $20.82 and its 200 day moving average is $20.90.

Angel Oak Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 29th were given a dividend of $0.0876 per share. The ex-dividend date of this dividend was Friday, May 29th.

Institutional Trading of Angel Oak Income ETF

Institutional investors have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC raised its holdings in Angel Oak Income ETF by 1,125.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 173,579 shares of the company’s stock worth $3,615,000 after acquiring an additional 159,418 shares during the last quarter. MBL Wealth LLC raised its holdings in Angel Oak Income ETF by 6.5% in the 4th quarter. MBL Wealth LLC now owns 520,038 shares of the company’s stock worth $10,830,000 after acquiring an additional 31,933 shares during the last quarter. Channel Wealth LLC raised its holdings in Angel Oak Income ETF by 6.6% in the 4th quarter. Channel Wealth LLC now owns 1,152,894 shares of the company’s stock worth $24,010,000 after acquiring an additional 71,751 shares during the last quarter. UBS Group AG raised its holdings in Angel Oak Income ETF by 44.9% in the 4th quarter. UBS Group AG now owns 2,174,367 shares of the company’s stock worth $45,283,000 after acquiring an additional 673,805 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in Angel Oak Income ETF by 106.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 777,264 shares of the company’s stock worth $16,187,000 after acquiring an additional 400,193 shares during the last quarter.

Angel Oak Income ETF Company 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.