Advocacy Wealth Management LLC Lowers Holdings in Angel Oak Income ETF $CARY

Advocacy Wealth Management LLC decreased its holdings in Angel Oak Income ETF (NASDAQ:CARY) by 99.4% in the 4th quarter, HoldingsChannel reports. The firm owned 13,639 shares of the company’s stock after selling 2,111,987 shares during the quarter. Advocacy Wealth Management LLC’s holdings in Angel Oak Income ETF were worth $284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Truist Financial Corp boosted its stake in shares of Angel Oak Income ETF by 0.6% in the fourth quarter. Truist Financial Corp now owns 95,399 shares of the company’s stock valued at $1,987,000 after purchasing an additional 588 shares during the period. J. Team Financial Inc. boosted its stake in shares of Angel Oak Income ETF by 0.9% in the fourth quarter. J. Team Financial Inc. now owns 94,104 shares of the company’s stock valued at $1,960,000 after purchasing an additional 845 shares during the period. Comerica Bank boosted its stake in shares of Angel Oak Income ETF by 10.4% in the fourth quarter. Comerica Bank now owns 10,193 shares of the company’s stock valued at $212,000 after purchasing an additional 958 shares during the period. Mendel Money Management boosted its stake in shares of Angel Oak Income ETF by 0.9% in the third quarter. Mendel Money Management now owns 125,508 shares of the company’s stock valued at $2,624,000 after purchasing an additional 1,166 shares during the period. Finally, Hantz Financial Services Inc. purchased a new position in shares of Angel Oak Income ETF in the fourth quarter valued at approximately $30,000.

Angel Oak Income ETF Price Performance

NASDAQ CARY opened at $20.72 on Tuesday. The firm has a 50 day simple moving average of $20.82 and a 200-day simple moving average of $20.90. Angel Oak Income ETF has a one year low of $20.57 and a one year high of $21.55.

Angel Oak Income ETF Cuts Dividend

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

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.