Angel Oak UltraShort Income ETF $UYLD Shares Bought by Gradient Investments LLC

Gradient Investments LLC grew its stake in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 2.0% in the third quarter, HoldingsChannel.com reports. The fund owned 1,036,433 shares of the company’s stock after acquiring an additional 20,086 shares during the period. Gradient Investments LLC’s holdings in Angel Oak UltraShort Income ETF were worth $52,579,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of UYLD. NewEdge Advisors LLC increased its position in shares of Angel Oak UltraShort Income ETF by 199.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,115 shares of the company’s stock valued at $108,000 after buying an additional 1,408 shares in the last quarter. Worth Asset Management LLC acquired a new stake in Angel Oak UltraShort Income ETF during the 2nd quarter worth approximately $247,000. Rockefeller Capital Management L.P. raised its holdings in Angel Oak UltraShort Income ETF by 30.3% during 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. Redwood Family Wealth LLC bought a new position in Angel Oak UltraShort Income ETF in the fourth quarter valued at approximately $295,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Angel Oak UltraShort Income ETF by 37.8% in the first quarter. EverSource Wealth Advisors LLC now owns 10,333 shares of the company’s stock valued at $527,000 after buying an additional 2,834 shares during the period.

Angel Oak UltraShort Income ETF Stock Up 0.0%

Shares of UYLD stock traded up $0.02 during trading hours on Thursday, hitting $50.84. 70,561 shares of the company were exchanged, compared to its average volume of 249,671. The business has a 50 day moving average of $50.99 and a two-hundred day moving average of $51.07. Angel Oak UltraShort Income ETF has a 52 week low of $50.69 and a 52 week high of $51.40.

Angel Oak UltraShort Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.2304 per share. This is a boost from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1799. The ex-dividend date was Wednesday, September 30th. This represents a $2.77 dividend on an annualized basis and a yield of 5.4%.

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.