IFC Advisors Acquires $62.2M Position in Income-Focused CARY ETF
IFC Advisors LLC added a $62.2 million position in the Angel Oak Income ETF (CARY) by acquiring 2,971,014 shares, increasing its reportable AUM by 8.9%. The new position now accounts for 8.83% of IFC's AUM, making it the fund's largest single holding. The ETF has a 5.98% dividend yield but underperformed the S&P 500 by 26 percentage points over the past year.
Topics: AUM Changes ETF Investment Position SEC Filing