Envestnet Asset Management Inc. Has $11.05 Million Stake in Angel Oak Income ETF $CARY

Envestnet Asset Management Inc. increased its stake in shares of Angel Oak Income ETF (NASDAQ:CARY) by 47.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 528,292 shares of the company’s stock after purchasing an additional 169,884 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Angel Oak Income ETF were worth $11,047,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CARY. Advocacy Wealth Management Services LLC raised its holdings in shares of Angel Oak Income ETF by 7.3% during the second quarter. Advocacy Wealth Management Services LLC now owns 2,058,325 shares of the company’s stock worth $42,813,000 after acquiring an additional 140,275 shares in the last quarter. AE Wealth Management LLC acquired a new position in Angel Oak Income ETF in the 2nd quarter worth about $726,000. Arkadios Wealth Advisors raised its stake in shares of Angel Oak Income ETF by 26.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,906,625 shares of the company’s stock worth $60,778,000 after purchasing an additional 615,443 shares in the last quarter. Atria Investments Inc raised its stake in shares of Angel Oak Income ETF by 276.1% during the 2nd quarter. Atria Investments Inc now owns 149,275 shares of the company’s stock worth $3,105,000 after purchasing an additional 109,590 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Angel Oak Income ETF during the 2nd quarter valued at about $579,000.

Angel Oak Income ETF Price Performance

Shares of NASDAQ CARY opened at $21.05 on Wednesday. The business has a 50 day simple moving average of $20.93 and a 200 day simple moving average of $20.94. Angel Oak Income ETF has a 52 week low of $20.40 and a 52 week high of $21.55.

Angel Oak Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were paid a dividend of $0.0685 per share. The ex-dividend date was Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 3.9%.

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.