Angel Oak Income ETF (NASDAQ:CARY) Reaches New 52-Week Low – Should You Sell?

Angel Oak Income ETF (NASDAQ:CARY) reached a new 52-week low on Wednesday . The stock traded as low as $20.62 and last traded at $20.77, with a volume of 13500 shares changing hands. The stock had previously closed at $20.78.

Angel Oak Income ETF Price Performance

The business has a fifty day simple moving average of $20.81 and a 200-day simple moving average of $20.89.

Angel Oak Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were paid a $0.1004 dividend. This is an increase from Angel Oak Income ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Tuesday, June 30th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CARY. Hantz Financial Services Inc. bought a new stake in Angel Oak Income ETF during the 4th quarter worth approximately $30,000. Bank of America Corp DE bought a new position in shares of Angel Oak Income ETF during the second quarter valued at $38,000. Lloyd Advisory Services LLC. bought a new position in shares of Angel Oak Income ETF during the fourth quarter valued at $118,000. Comerica Bank lifted its holdings in shares of Angel Oak Income ETF by 12.2% during the third quarter. Comerica Bank now owns 9,235 shares of the company’s stock worth $193,000 after purchasing an additional 1,007 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Angel Oak Income ETF during the fourth quarter worth $204,000.

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.