Angel Oak Financial Strategies Income Term Trust $FINS Shares Sold by UBS Group AG

UBS Group AG reduced its position in shares of Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 720,275 shares of the company’s stock after selling 72,602 shares during the period. UBS Group AG’s holdings in Angel Oak Financial Strategies Income Term Trust were worth $9,515,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the second quarter worth approximately $76,000. PFG Investments LLC acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the third quarter worth approximately $132,000. Bank of America Corp DE acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the second quarter worth approximately $141,000. Choreo LLC boosted its position in shares of Angel Oak Financial Strategies Income Term Trust by 3.1% in the third quarter. Choreo LLC now owns 27,381 shares of the company’s stock worth $359,000 after acquiring an additional 816 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the second quarter worth approximately $389,000.

Angel Oak Financial Strategies Income Term Trust Price Performance

FINS opened at $12.73 on Friday. The company’s 50 day simple moving average is $12.76 and its 200 day simple moving average is $13.02. Angel Oak Financial Strategies Income Term Trust has a 1 year low of $12.38 and a 1 year high of $13.55.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a $0.115 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 10.8%.

Angel Oak Financial Strategies Income Term Trust Company Profile

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.