539,144 Shares in Angel Oak Income ETF $CARY Acquired by Beacon Capital Management Inc.

Beacon Capital Management Inc. acquired a new stake in Angel Oak Income ETF (NASDAQ:CARY) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 539,144 shares of the company’s stock, valued at approximately $11,274,000.

Several other large investors have also recently added to or reduced their stakes in CARY. Bank of America Corp DE acquired a new stake in shares of Angel Oak Income ETF during the second quarter worth $38,000. Raleigh Capital Management Inc. acquired a new position in shares of Angel Oak Income ETF in the second quarter valued at about $138,000. Private Trust Co. NA bought a new position in Angel Oak Income ETF during the third quarter worth about $204,000. Firethorn Wealth Partners LLC increased its position in Angel Oak Income ETF by 5.1% during the second quarter. Firethorn Wealth Partners LLC now owns 10,334 shares of the company’s stock worth $215,000 after acquiring an additional 504 shares during the period. Finally, Huntington National Bank increased its position in Angel Oak Income ETF by 31.0% during the second quarter. Huntington National Bank now owns 12,923 shares of the company’s stock worth $269,000 after acquiring an additional 3,058 shares during the period.

Angel Oak Income ETF Trading Up 0.0%

Shares of Angel Oak Income ETF stock opened at $21.01 on Friday. Angel Oak Income ETF has a twelve month low of $20.40 and a twelve month high of $21.30. The company has a 50-day simple moving average of $20.96 and a two-hundred day simple moving average of $20.90.

Angel Oak Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 28th were given a $0.0914 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Friday, November 28th.

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.