Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Stock Price Down 0.6% – Time to Sell?

Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) shares dropped 0.6% during mid-day trading on Thursday . The company traded as low as $12.45 and last traded at $12.49. 51,562 shares changed hands during trading, an increase of 7% from the average session volume of 47,982 shares. The stock had previously closed at $12.57.

Angel Oak Financial Strategies Income Term Trust Price Performance

The company’s fifty day moving average is $12.74 and its 200 day moving average is $12.89.

Angel Oak Financial Strategies Income Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $0.115 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend is Friday, July 17th.

Hedge Funds Weigh In On Angel Oak Financial Strategies Income Term Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Riverbridge Partners LLC boosted its position in shares of Angel Oak Financial Strategies Income Term Trust by 72.7% in the fourth quarter. Riverbridge Partners LLC now owns 215,510 shares of the company’s stock worth $2,847,000 after buying an additional 90,756 shares during the period. Closed End Fund Advisors Inc. purchased a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the 4th quarter valued at about $1,602,000. Summit Asset Management LLC purchased a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the 4th quarter valued at about $343,000. Choreo LLC lifted its position in Angel Oak Financial Strategies Income Term Trust by 5.0% during the 4th quarter. Choreo LLC now owns 28,746 shares of the company’s stock worth $379,000 after acquiring an additional 1,365 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in Angel Oak Financial Strategies Income Term Trust during the 1st quarter worth approximately $57,000.

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.