Angel Oak Income ETF $CARY Stake Lifted by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC boosted its holdings in Angel Oak Income ETF (NASDAQ:CARY) by 7.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 604,209 shares of the company’s stock after acquiring an additional 42,412 shares during the period. Angel Oak Income ETF makes up 1.0% of Crescent Grove Advisors LLC’s portfolio, making the stock its 25th largest holding. Crescent Grove Advisors LLC’s holdings in Angel Oak Income ETF were worth $12,219,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in Angel Oak Income ETF by 103,779.5% during the first quarter. Bank of America Corp DE now owns 4,951,934 shares of the company’s stock valued at $102,862,000 after purchasing an additional 4,947,167 shares during the period. Arkadios Wealth Advisors raised its position in shares of Angel Oak Income ETF by 13.7% during the 1st quarter. Arkadios Wealth Advisors now owns 3,562,484 shares of the company’s stock valued at $74,003,000 after purchasing an additional 428,745 shares during the period. IFC Advisors LLC bought a new stake in Angel Oak Income ETF during the first quarter valued at about $61,717,000. Envestnet Asset Management Inc. lifted its holdings in Angel Oak Income ETF by 103.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,107,410 shares of the company’s stock worth $23,012,000 after purchasing an additional 563,831 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of Angel Oak Income ETF by 1.7% in the second quarter. Baird Financial Group Inc. now owns 552,850 shares of the company’s stock worth $11,488,000 after buying an additional 9,022 shares in the last quarter.

Angel Oak Income ETF Price Performance

Shares of Angel Oak Income ETF stock opened at $20.24 on Thursday. Angel Oak Income ETF has a 12 month low of $20.07 and a 12 month high of $21.55. The stock has a 50 day moving average of $20.43 and a 200 day moving average of $20.66.

Shares of Angel Oak Income ETF are going to reverse split on the morning of Monday, November 16th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 15th.

Angel Oak Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a $0.1025 dividend. This is a boost from Angel Oak Income ETF’s previous monthly dividend of $0.0931. The ex-dividend date was Wednesday, September 30th. This represents a $1.23 annualized dividend and a dividend yield of 6.1%.

About Angel Oak Income ETF

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.