Riverbridge Partners LLC Buys 31,324 Shares of Angel Oak Financial Strategies Income Term Trust (NYSE:FINS)

Posted by Paula Ricardo on Jan 23rd, 2025

Riverbridge Partners LLC lifted its stake in shares of Angel Oak Financial Strategies Income Term Trust (NYSE:FINS – Free Report) by 41.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 106,333 shares of the company’s stock after acquiring an additional 31,324 shares during the period. Riverbridge Partners LLC’s holdings in Angel Oak Financial Strategies Income Term Trust were worth $1,350,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. HighTower Advisors LLC purchased a new stake in Angel Oak Financial Strategies Income Term Trust during the third quarter valued at about $405,000. Nations Financial Group Inc. IA ADV raised its holdings in shares of Angel Oak Financial Strategies Income Term Trust by 5.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 540,794 shares of the company’s stock valued at $7,149,000 after buying an additional 25,960 shares in the last quarter. Stifel Financial Corp lifted its position in Angel Oak Financial Strategies Income Term Trust by 10.8% in the 3rd quarter. Stifel Financial Corp now owns 255,413 shares of the company’s stock worth $3,377,000 after buying an additional 24,981 shares during the last quarter. Transform Wealth LLC bought a new stake in Angel Oak Financial Strategies Income Term Trust in the 4th quarter worth approximately $544,000. Finally, Worth Asset Management LLC purchased a new stake in Angel Oak Financial Strategies Income Term Trust in the fourth quarter worth approximately $139,000.

Angel Oak Financial Strategies Income Term Trust Price Performance

FINS stock opened at $13.14 on Thursday. Angel Oak Financial Strategies Income Term Trust has a one year low of $12.03 and a one year high of $13.30. The company’s 50 day moving average price is $12.86 and its two-hundred day moving average price is $12.88.

Angel Oak Financial Strategies Income Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.109 dividend. This represents a $1.31 annualized dividend and a yield of 9.96%. The ex-dividend date is Friday, January 17th.