Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) Raises Dividend to $0.04 Per Share

Angel Oak Mortgage-Backed Securities ETF (NASDAQ:MBS) declared a monthly dividend on Tuesday, September 29th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.0382 per share on Thursday, October 1st. This represents a $0.46 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 12.0% increase from Angel Oak Mortgage-Backed Securities ETF’s previous monthly dividend of $0.0341.

Angel Oak Mortgage-Backed Securities ETF Stock Down 0.2%

Shares of NASDAQ:MBS opened at $8.23 on Wednesday. The firm has a 50-day simple moving average of $8.49 and a 200 day simple moving average of $8.60. Angel Oak Mortgage-Backed Securities ETF has a fifty-two week low of $8.21 and a fifty-two week high of $9.16.

Institutional Trading of Angel Oak Mortgage-Backed Securities ETF

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada bought a new stake in shares of Angel Oak Mortgage-Backed Securities ETF during the first quarter valued at about $51,000. Quantinno Capital Management LP acquired a new position in Angel Oak Mortgage-Backed Securities ETF in the first quarter worth approximately $105,000. Citadel Advisors LLC acquired a new stake in shares of Angel Oak Mortgage-Backed Securities ETF during the second quarter worth $918,000. RFG Advisory LLC lifted its stake in Angel Oak Mortgage-Backed Securities ETF by 5.0% during the first quarter. RFG Advisory LLC now owns 135,472 shares of the company’s stock valued at $1,173,000 after buying an additional 6,393 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Angel Oak Mortgage-Backed Securities ETF by 1.0% in the 1st quarter. NewEdge Advisors LLC now owns 776,865 shares of the company’s stock worth $6,728,000 after purchasing an additional 7,586 shares during the period.

About Angel Oak Mortgage-Backed Securities ETF

The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.