Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Stock: Insider Kevin Parks Acquires 1,000 Shares

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Portfolio Manager Kevin Parks bought 1,000 shares of the firm’s stock in a transaction on Friday, September 25th. The stock was purchased at an average price of $11.90 per share, with a total value of $11,900.00. Following the transaction, the portfolio manager owned 7,667 shares in the company, valued at $91,237.30. The trade was a 15.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Kevin Parks also recently made the following trade(s):

• On Monday, September 14th, Kevin Parks purchased 1,000 shares of Angel Oak Financial Strategies Income Term Trust stock. The stock was purchased at an average price of $12.53 per share, for a total transaction of $12,530.00.

Angel Oak Financial Strategies Income Term Trust Stock Up 0.1%

FINS opened at $11.88 on Wednesday. The business’s 50 day moving average is $12.48 and its 200-day moving average is $12.65. Angel Oak Financial Strategies Income Term Trust has a twelve month low of $11.85 and a twelve month high of $13.45.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.1150 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Trading of Angel Oak Financial Strategies Income Term Trust

Several hedge funds have recently added to or reduced their stakes in FINS. GHP Investment Advisors Inc. acquired a new position in Angel Oak Financial Strategies Income Term Trust during the 1st quarter worth $32,000. Integrated Wealth Concepts LLC acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter valued at $46,000. Fifth Third Bancorp bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the first quarter valued at about $57,000. Citadel Advisors LLC bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter valued at about $139,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter valued at about $145,000.

Angel Oak Financial Strategies Income Term Trust Company Profile

Angel Oak Financial Strategies Income Term Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol FINS. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing primarily in debt instruments and other income-producing assets associated with the financial services sector.

Its portfolio may include residential mortgage-backed securities, asset-backed securities, collateralized loan obligations, corporate debt and other structured or credit-related investments.