Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Hits New 52-Week Low – Should You Sell?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $50.96 and last traded at $51.02, with a volume of 9229 shares trading hands. The stock had previously closed at $51.02.

Angel Oak UltraShort Income ETF Price Performance

The stock’s 50 day moving average is $51.08 and its 200-day moving average is $51.15.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were given a $0.1939 dividend. The ex-dividend date of this dividend was Friday, July 31st.

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

Several hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new position in Angel Oak UltraShort Income ETF during the fourth quarter valued at $27,000. Royal Bank of Canada boosted its holdings 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 valued at $46,000 after buying an additional 389 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Angel Oak UltraShort Income ETF by 46,300.0% in 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 period. Worth Asset Management LLC purchased a new stake in shares of Angel Oak UltraShort Income ETF in the 2nd quarter worth about $247,000. Finally, Rockefeller Capital Management L.P. grew its position 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 worth $259,000 after buying an additional 1,176 shares during the period.

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.