IFC Advisors LLC Takes $61.72 Million Position in Angel Oak Income ETF $CARY

IFC Advisors LLC purchased a new position in Angel Oak Income ETF (NASDAQ:CARY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,971,014 shares of the company’s stock, valued at approximately $61,717,000. Angel Oak Income ETF makes up about 8.8% of IFC Advisors LLC’s holdings, making the stock its 3rd biggest position. IFC Advisors LLC owned approximately 5.65% of Angel Oak Income ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Morgan Stanley lifted its stake in Angel Oak Income ETF by 49.8% in the 4th quarter. Morgan Stanley now owns 4,791,541 shares of the company’s stock worth $99,786,000 after purchasing an additional 1,593,932 shares in the last quarter. UBS Group AG grew its position in shares of Angel Oak Income ETF by 44.9% during the 4th quarter. UBS Group AG now owns 2,174,367 shares of the company’s stock valued at $45,283,000 after purchasing an additional 673,805 shares in the last quarter. Axxcess Wealth Management LLC grew its position in shares of Angel Oak Income ETF by 106.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 777,264 shares of the company’s stock valued at $16,187,000 after purchasing an additional 400,193 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Angel Oak Income ETF by 78.6% in the third quarter. Raymond James Financial Inc. now owns 762,983 shares of the company’s stock worth $15,954,000 after purchasing an additional 335,825 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in shares of Angel Oak Income ETF by 7.8% in the fourth quarter. Arkadios Wealth Advisors now owns 3,133,739 shares of the company’s stock worth $65,262,000 after purchasing an additional 227,114 shares during the period.

Angel Oak Income ETF Trading Down 0.0%

Shares of CARY stock opened at $20.75 on Monday. Angel Oak Income ETF has a 52-week low of $20.62 and a 52-week high of $21.55. The business’s fifty day moving average is $20.79 and its 200 day moving average is $20.88.

Angel Oak Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were paid a $0.1004 dividend. The ex-dividend date was Tuesday, June 30th. This is an increase from Angel Oak Income ETF’s previous dividend of $0.09.

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.