115,524 Shares in Angel Oak Income ETF $CARY Acquired by Sonoma Allocations LLC

Sonoma Allocations LLC bought a new stake in Angel Oak Income ETF (NASDAQ:CARY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 115,524 shares of the company’s stock, valued at approximately $2,426,000. Angel Oak Income ETF makes up approximately 0.9% of Sonoma Allocations LLC’s portfolio, making the stock its 21st biggest holding. Sonoma Allocations LLC owned 0.34% of Angel Oak Income ETF at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CARY. Bank of America Corp DE purchased a new stake in shares of Angel Oak Income ETF in the 2nd quarter valued at approximately $38,000. Raleigh Capital Management Inc. acquired a new position in shares of Angel Oak Income ETF during the second quarter worth $138,000. Private Trust Co. NA purchased a new position in Angel Oak Income ETF in the third quarter valued at $204,000. Firethorn Wealth Partners LLC raised its stake in Angel Oak Income ETF by 5.1% in the second quarter. Firethorn Wealth Partners LLC now owns 10,334 shares of the company’s stock valued at $215,000 after buying an additional 504 shares in the last quarter. Finally, Huntington National Bank raised its stake in Angel Oak Income ETF by 31.0% in the second quarter. Huntington National Bank now owns 12,923 shares of the company’s stock valued at $269,000 after buying an additional 3,058 shares in the last quarter.

Angel Oak Income ETF Stock Up 0.1%

NASDAQ:CARY opened at $20.89 on Friday. Angel Oak Income ETF has a 1 year low of $20.40 and a 1 year high of $21.30. The stock has a 50-day simple moving average of $20.93 and a 200-day simple moving average of $20.91.

Angel Oak Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 31st were issued a $0.1785 dividend. This represents a c) dividend on an annualized basis and a yield of 10.3%. This is a positive change from Angel Oak Income ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Wednesday, December 31st.

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.