Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Stock: Insider Kevin Parks Acquires 1,000 Shares

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Kevin Parks acquired 1,000 shares of the company’s stock in a transaction on Friday, September 25th. The stock was acquired at an average cost of $11.90 per share, for a total transaction of $11,900.00. Following the completion of the acquisition, the portfolio manager owned 7,667 shares of the company’s stock, valued at $91,237.30. This trade represents a 15.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Kevin Parks also recently made the following trade(s):

• On Monday, September 14th, Kevin Parks bought 1,000 shares of Angel Oak Financial Strategies Income Term Trust stock. The stock was purchased at an average price of $12.53 per share, for a total transaction of $12,530.00.

Angel Oak Financial Strategies Income Term Trust Stock Down 0.3%

NYSE FINS traded down $0.03 during trading hours on Monday, hitting $11.89. 4,060 shares of the company’s stock traded hands, compared to its average volume of 46,563. The firm’s 50-day moving average is $12.51 and its 200-day moving average is $12.66. Angel Oak Financial Strategies Income Term Trust has a 52-week low of $11.85 and a 52-week high of $13.45.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a $0.1150 dividend. This represents a $1.38 annualized dividend and a yield of 11.6%. The ex-dividend date is Wednesday, September 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FINS. GHP Investment Advisors Inc. purchased a new stake in Angel Oak Financial Strategies Income Term Trust in the 1st quarter worth approximately $32,000. Integrated Wealth Concepts LLC bought a new position in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter worth about $46,000. Fifth Third Bancorp bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the 1st quarter valued at about $57,000. Citadel Advisors LLC acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter valued at $139,000. Finally, Susquehanna International Group LLP acquired a new position in Angel Oak Financial Strategies Income Term Trust during the 2nd quarter worth $145,000.

About Angel Oak Financial Strategies Income Term Trust

Angel Oak Financial Strategies Income Term Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol FINS. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing primarily in debt instruments and other income-producing assets associated with the financial services sector.

Its portfolio may include residential mortgage-backed securities, asset-backed securities, collateralized loan obligations, corporate debt and other structured or credit-related investments.