Gradient Investments LLC Invests $29.16 Million in Angel Oak Mortgage-Backed Securities ETF (NYSEARCA:MBS)

Gradient Investments LLC bought a new stake in Angel Oak Mortgage-Backed Securities ETF (NYSEARCA:MBS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,430,584 shares of the company’s stock, valued at approximately $29,160,000. Gradient Investments LLC owned approximately 87.29% of Angel Oak Mortgage-Backed Securities ETF at the end of the most recent quarter.

Angel Oak Mortgage-Backed Securities ETF Trading Down 0.1 %

NYSEARCA MBS traded down $0.01 on Friday, reaching $8.75. The stock had a trading volume of 15,124 shares, compared to its average volume of 49,091. The company’s 50-day moving average is $8.59. Angel Oak Mortgage-Backed Securities ETF has a 12-month low of $8.21 and a 12-month high of $8.85.

Angel Oak Mortgage-Backed Securities ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 31st were paid a dividend of $0.041 per share. The ex-dividend date of this dividend was Wednesday, July 31st.

Angel Oak Mortgage-Backed Securities ETF Profile

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.