Gradient Investments LLC Takes Position in Angel Oak Mortgage-Backed Securities ETF (NYSEARCA:MBS)

Gradient Investments LLC purchased a new position in shares of Angel Oak Mortgage-Backed Securities ETF (NYSEARCA:MBS) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 3,430,584 shares of the company’s stock, valued at approximately $29,160,000. Gradient Investments LLC owned 0.87% of Angel Oak Mortgage-Backed Securities ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Angel Oak Mortgage-Backed Securities ETF Price Performance

MBS traded down $0.01 during trading hours on Friday, hitting $8.75. 15,124 shares of the stock were exchanged, compared to its average volume of 49,091. Angel Oak Mortgage-Backed Securities ETF has a 12 month low of $8.21 and a 12 month high of $8.85. The stock has a 50-day simple moving average of $8.59.

Angel Oak Mortgage-Backed Securities ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 31st were paid a $0.041 dividend. The ex-dividend date was Wednesday, July 31st.

About Angel Oak Mortgage-Backed Securities ETF

The Angel Oak Mortgage-Backed Securities ETF (MBS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seekingtotal returns through investments in various US mortgage-backed securities (MBS) of any credit quality and maturity. MBS was launched on Feb 20, 2024 and is issued by Angel Oak.