Angel Oak Financial Strategies Income Term Trust (NYSE:FINS) Holdings Lifted by Nations Financial Group Inc. IA ADV

Posted by MarketBeat News on Sep 11th, 2023

Nations Financial Group Inc. IA ADV boosted its position in shares of Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Free Report) by 23.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 272,865 shares of the company’s stock after buying an additional 51,755 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Angel Oak Financial Strategies Income Term Trust were worth $3,364,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FINS. Bank of America Corp DE boosted its stake in Angel Oak Financial Strategies Income Term Trust by 14.0% during the first quarter. Bank of America Corp DE now owns 98,173 shares of the company’s stock valued at $1,550,000 after buying an additional 12,047 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust in the 3rd quarter valued at $269,000. Envestnet Asset Management Inc. boosted its position in shares of Angel Oak Financial Strategies Income Term Trust by 75.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 86,445 shares of the company’s stock valued at $1,107,000 after purchasing an additional 37,092 shares during the period. HighTower Advisors LLC acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust in the 4th quarter valued at $431,000. Finally, Elequin Securities LLC acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust in the 4th quarter valued at $54,000.

Angel Oak Financial Strategies Income Term Trust Trading Up 0.2 %

Shares of NYSE:FINS traded up $0.02 during midday trading on Monday, reaching $12.17. The company had a trading volume of 10,092 shares, compared to its average volume of 62,296. Angel Oak Financial Strategies Income Term Trust has a 1-year low of $11.61 and a 1-year high of $14.05. The company has a fifty day simple moving average of $11.82 and a two-hundred day simple moving average of $12.05.

Angel Oak Financial Strategies Income Term Trust Increases Dividend

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The business also recently declared a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.109 dividend. This is a positive change from Angel Oak Financial Strategies Income Term Trust’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 10.75%.