Angel Oak UltraShort Income ETF $UYLD Stock Position Raised by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC raised its position in shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 10.8% in the second quarter, Holdings Channel reports. The firm owned 63,570 shares of the company’s stock after buying an additional 6,209 shares during the period. Angel Oak UltraShort Income ETF accounts for 1.1% of Precision Wealth Strategies LLC’s investment portfolio, making the stock its 27th largest holding. Precision Wealth Strategies LLC’s holdings in Angel Oak UltraShort Income ETF were worth $3,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in UYLD. Patten & Patten Inc. TN purchased a new stake in shares of Angel Oak UltraShort Income ETF during the 1st quarter worth about $207,000. Riverwater Partners LLC raised its stake in shares of Angel Oak UltraShort Income ETF by 6.9% during the 1st quarter. Riverwater Partners LLC now owns 4,928 shares of the company’s stock worth $252,000 after purchasing an additional 319 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Angel Oak UltraShort Income ETF during the 1st quarter worth about $292,000. Able Wealth Management LLC purchased a new stake in shares of Angel Oak UltraShort Income ETF during the 1st quarter worth about $342,000. Finally, NewEdge Advisors LLC raised its stake in shares of Angel Oak UltraShort Income ETF by 4.6% during the 1st quarter. NewEdge Advisors LLC now owns 8,936 shares of the company’s stock worth $457,000 after purchasing an additional 392 shares in the last quarter.

Angel Oak UltraShort Income ETF Price Performance

Shares of UYLD stock opened at $51.17 on Thursday. The stock’s 50 day simple moving average is $51.24 and its 200 day simple moving average is $51.17. Angel Oak UltraShort Income ETF has a twelve month low of $50.74 and a twelve month high of $51.46.

Angel Oak UltraShort Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were paid a $0.2245 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.20.

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.