Key Points
- Portfolio Manager Kevin Parks purchased 1,000 FINS shares at an average price of $11.90, investing $11,900 and increasing his position by 15% to 7,667 shares. He also bought 1,000 shares earlier in September.
- FINS shares opened at $11.86, near their 12-month low of $11.85 and below both their 50-day and 200-day moving averages.
- The fund declared a monthly dividend of $0.115 per share, equating to $1.38 annually and an indicated 11.6% yield. Several institutional investors also increased or initiated positions during the second quarter.
Angel Oak Financial Strategies Income Term Trust (NYSE:FINS - Get Free Report) Portfolio Manager Kevin Parks purchased 1,000 shares of the stock in a transaction dated Friday, September 25th. The shares were purchased at an average cost of $11.90 per share, for a total transaction of $11,900.00. Following the transaction, the portfolio manager owned 7,667 shares in the company, valued at approximately $91,237.30. The trade was a 15.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Kevin Parks also recently made the following trade(s):
- On Monday, September 14th, Kevin Parks acquired 1,000 shares of Angel Oak Financial Strategies Income Term Trust stock. The shares were purchased at an average price of $12.53 per share, with a total value of $12,530.00.
Angel Oak Financial Strategies Income Term Trust Stock Down 0.5%
Shares of FINS stock opened at $11.86 on Tuesday. The firm's 50-day moving average is $12.49 and its two-hundred day moving average is $12.66. Angel Oak Financial Strategies Income Term Trust has a 12 month low of $11.85 and a 12 month high of $13.45.
Angel Oak Financial Strategies Income Term Trust Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.1150 per share. This represents a $1.38 annualized dividend and a dividend yield of 11.6%. The ex-dividend date of this dividend is Wednesday, September 16th.
Institutional Investors Weigh In On Angel Oak Financial Strategies Income Term Trust
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its holdings in Angel Oak Financial Strategies Income Term Trust by 25.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 300,777 shares of the company's stock worth $3,850,000 after buying an additional 61,374 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Angel Oak Financial Strategies Income Term Trust in the second quarter worth $46,000. Citadel Advisors LLC purchased a new stake in shares of Angel Oak Financial Strategies Income Term Trust during the second quarter worth $139,000. Corient Private Wealth LP increased its position in shares of Angel Oak Financial Strategies Income Term Trust by 35.6% during the second quarter. Corient Private Wealth LP now owns 40,666 shares of the company's stock worth $521,000 after acquiring an additional 10,666 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in shares of Angel Oak Financial Strategies Income Term Trust in the second quarter valued at $145,000.
Angel Oak Financial Strategies Income Term Trust Company Profile
(
Get Free Report)
Angel Oak Financial Strategies Income Term Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol FINS. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing primarily in debt instruments and other income-producing assets associated with the financial services sector.
Its portfolio may include residential mortgage-backed securities, asset-backed securities, collateralized loan obligations, corporate debt and other structured or credit-related investments.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
