Angel Oak Income ETF (NASDAQ:CARY) Sees Strong Trading Volume – What’s Next?

Angel Oak Income ETF (NASDAQ:CARY) saw unusually-high trading volume on Thursday . 835,637 shares traded hands during trading, an increase of 115% from the previous session’s volume of 388,257 shares.The stock last traded at $20.74 and had previously closed at $20.75.

Angel Oak Income ETF Trading Up 0.1%

The firm has a fifty day moving average price of $20.80 and a 200 day moving average price of $20.88.

Angel Oak Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were given a $0.1004 dividend. The ex-dividend date was Tuesday, June 30th. This is a positive change from Angel Oak Income ETF’s previous dividend of $0.09.

Hedge Funds Weigh In On Angel Oak Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CARY. Hantz Financial Services Inc. purchased a new position in Angel Oak Income ETF in the fourth quarter valued at approximately $30,000. Bank of America Corp DE acquired a new position in shares of Angel Oak Income ETF in the 2nd quarter valued at $38,000. Lloyd Advisory Services LLC. purchased a new position in shares of Angel Oak Income ETF in the 4th quarter valued at $118,000. Comerica Bank grew its position in shares of Angel Oak Income ETF by 12.2% in the 3rd quarter. Comerica Bank now owns 9,235 shares of the company’s stock valued at $193,000 after buying an additional 1,007 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in Angel Oak Income ETF during the 4th 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.