Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sets New 1-Year Low – Time to Sell?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $50.98 and last traded at $51.00, with a volume of 10821 shares trading hands. The stock had previously closed at $51.19.

Angel Oak UltraShort Income ETF Price Performance

The company has a 50 day simple moving average of $51.11 and a 200 day simple moving average of $51.18.

Angel Oak UltraShort Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were issued a $0.1998 dividend. This is a boost from Angel Oak UltraShort Income ETF’s previous dividend of $0.18. The ex-dividend date was Tuesday, June 30th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UYLD. Northwestern Mutual Wealth Management Co. bought a new position in Angel Oak UltraShort Income ETF in the fourth quarter valued at $27,000. MAI Capital Management bought a new stake in Angel Oak UltraShort Income ETF during the 3rd quarter worth about $28,000. Royal Bank of Canada boosted its stake in shares of Angel Oak UltraShort Income ETF by 76.0% during the 4th quarter. Royal Bank of Canada now owns 901 shares of the company’s stock worth $46,000 after buying an additional 389 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Angel Oak UltraShort Income ETF by 46,300.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock worth $71,000 after buying an additional 1,389 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Angel Oak UltraShort Income ETF by 30.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock valued at $259,000 after acquiring an additional 1,176 shares in the last quarter.

Angel Oak UltraShort Income ETF Company Profile

The Angel Oak UltraShort Income ETF (UYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in a broad portfolio of fixed income securities of various credit qualities. Selection is based on fundamental analysis and managed to provide a dollar-weighted average maturity of less than two years UYLD was launched on Oct 24, 2022 and is issued by Angel Oak.