Patten & Patten Inc. TN Takes Position in Angel Oak Mortgage-Backed Securities ETF (NYSEARCA:MBS)

Patten & Patten Inc. TN acquired a new stake in shares of Angel Oak Mortgage-Backed Securities ETF (NYSEARCA:MBS) in the 3rd quarter, HoldingsChannel reports. The fund acquired 134,850 shares of the company’s stock, valued at approximately $1,200,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gradient Investments LLC purchased a new position in shares of Angel Oak Mortgage-Backed Securities ETF during the second quarter valued at about $29,160,000. Brown Financial Advisors purchased a new position in shares of Angel Oak Mortgage-Backed Securities ETF during the second quarter valued at about $2,594,000. Mattson Financial Services LLC purchased a new position in shares of Angel Oak Mortgage-Backed Securities ETF during the second quarter valued at about $2,533,000. Paladin Wealth LLC purchased a new position in shares of Angel Oak Mortgage-Backed Securities ETF during the third quarter valued at about $783,000. Finally, Requisite Capital Management LLC purchased a new position in shares of Angel Oak Mortgage-Backed Securities ETF during the third quarter valued at about $368,000.

Angel Oak Mortgage-Backed Securities ETF Trading Down 0.1 %

Shares of NYSEARCA MBS opened at $8.61 on Tuesday. Angel Oak Mortgage-Backed Securities ETF has a 1 year low of $8.21 and a 1 year high of $9.08. The company’s 50-day moving average is $8.79 and its 200 day moving average is $8.63.

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.