Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Get Free Report) announced a monthly dividend on Monday, March 2nd. Investors of record on Tuesday, March 17th will be given a dividend of 0.115 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend is Tuesday, March 17th.
Angel Oak Financial Strategies Income Term Trust Stock Performance
FINS stock remained flat at $13.09 during mid-day trading on Wednesday. 13,014 shares of the company’s stock traded hands, compared to its average volume of 55,595. Angel Oak Financial Strategies Income Term Trust has a 52-week low of $12.21 and a 52-week high of $13.64. The business has a fifty day simple moving average of $13.21 and a 200 day simple moving average of $13.17.
Hedge Funds Weigh In On Angel Oak Financial Strategies Income Term Trust
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the 4th quarter valued at about $53,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter worth about $76,000. PFG Investments LLC acquired a new stake in Angel Oak Financial Strategies Income Term Trust in the 3rd quarter valued at approximately $132,000. Bank of America Corp DE bought a new stake in Angel Oak Financial Strategies Income Term Trust in the 2nd quarter valued at approximately $141,000. Finally, StoneX Group Inc. acquired a new position in Angel Oak Financial Strategies Income Term Trust during the 4th quarter worth approximately $203,000.
About Angel Oak Financial Strategies Income Term Trust
Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) is a closed-end, diversified management investment trust that commenced operations in early 2023. Organized as a Delaware statutory trust, FINS is structured with a defined termination date, at which point the trust will liquidate and distribute remaining assets to shareholders. Shares of the trust trade on the New York Stock Exchange, providing investors access to a yield-oriented portfolio through a single security.
The trust seeks to generate current income principally through investments in a broad array of structured credit instruments.
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