Angel Oak UltraShort Income ETF $UYLD Stock Position Boosted by Able Wealth Management LLC

Able Wealth Management LLC increased its stake in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 62.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,097 shares of the company’s stock after acquiring an additional 60,963 shares during the period. Angel Oak UltraShort Income ETF makes up approximately 2.2% of Able Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. Able Wealth Management LLC’s holdings in Angel Oak UltraShort Income ETF were worth $8,120,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. purchased a new stake in Angel Oak UltraShort Income ETF during the third quarter valued at about $1,006,000. NorthCrest Asset Manangement LLC raised its holdings in shares of Angel Oak UltraShort Income ETF by 38.0% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 90,318 shares of the company’s stock worth $4,620,000 after acquiring an additional 24,887 shares in the last quarter. Sage Mountain Advisors LLC raised its stake in shares of Angel Oak UltraShort Income ETF by 15.7% during the 4th quarter. Sage Mountain Advisors LLC now owns 126,372 shares of the company’s stock worth $6,463,000 after purchasing an additional 17,193 shares in the last quarter. Islay Capital Management LLC lifted its stake in Angel Oak UltraShort Income ETF by 85.2% in the third quarter. Islay Capital Management LLC now owns 144,271 shares of the company’s stock valued at $7,379,000 after acquiring an additional 66,382 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Angel Oak UltraShort Income ETF by 42.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 134,205 shares of the company’s stock worth $6,864,000 after purchasing an additional 39,679 shares in the last quarter.

Angel Oak UltraShort Income ETF Stock Performance

UYLD opened at $51.01 on Thursday. The stock has a 50-day moving average of $51.11 and a 200-day moving average of $51.18. Angel Oak UltraShort Income ETF has a 52-week low of $50.96 and a 52-week high of $51.46.

Angel Oak UltraShort Income ETF Increases Dividend

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

Angel Oak UltraShort Income ETF 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.