Angel Oak Income ETF $CARY Shares Newly Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in Angel Oak Income ETF (NASDAQ:CARY) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 107,617 shares of the company’s stock, valued at approximately $2,165,000. Oppenheimer & Co. Inc. owned 0.15% of Angel Oak Income ETF as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Everest Financial Group LLC acquired a new position in shares of Angel Oak Income ETF in the 1st quarter worth approximately $255,000. Oregon Pacific Wealth Management LLC acquired a new position in shares of Angel Oak Income ETF during the third quarter worth approximately $270,000. Ameritas Advisory Services LLC acquired a new position in Angel Oak Income ETF during the 2nd quarter worth $288,000. First Heartland Consultants Inc. bought a new stake in shares of Angel Oak Income ETF during the third quarter valued at about $320,000. Finally, Independent Wealth Network Inc. acquired a new stake in shares of Angel Oak Income ETF in the 3rd quarter worth approximately $366,000.

Angel Oak Income ETF Stock Down 0.2%

NASDAQ:CARY opened at $20.30 on Friday. Angel Oak Income ETF has a 52-week low of $20.07 and a 52-week high of $21.55. The business’s 50-day moving average price is $20.38 and its 200 day moving average price is $20.73.

Angel Oak Income ETF’s stock is set to reverse split on Monday, November 16th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 15th.

Angel Oak Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Friday, October 30th will be given a $0.1044 dividend. This represents a $1.25 annualized dividend and a dividend yield of 6.2%. This is an increase from Angel Oak Income ETF’s previous monthly dividend of $0.1025. The ex-dividend date of this dividend is Friday, October 30th.

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.