45,529 Angel Oak UltraShort Income ETF $UYLD Shares Acquired by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC boosted its holdings in shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 21.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 253,126 shares of the company’s stock after purchasing an additional 45,529 shares during the quarter. Angel Oak UltraShort Income ETF comprises about 0.8% of Steel Grove Capital Advisors LLC’s investment portfolio, making the stock its 13th largest position. Steel Grove Capital Advisors LLC owned about 0.94% of Angel Oak UltraShort Income ETF worth $12,841,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its position in shares of Angel Oak UltraShort Income ETF by 199.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,115 shares of the company’s stock valued at $108,000 after purchasing an additional 1,408 shares during the last quarter. Worth Asset Management LLC purchased a new position in shares of Angel Oak UltraShort Income ETF during the 2nd quarter worth about $247,000. Rockefeller Capital Management L.P. grew 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 valued at $259,000 after purchasing an additional 1,176 shares during the last quarter. Redwood Family Wealth LLC bought a new position in Angel Oak UltraShort Income ETF during the 4th quarter valued at about $295,000. Finally, EverSource Wealth Advisors LLC raised its position in Angel Oak UltraShort Income ETF by 37.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,333 shares of the company’s stock worth $527,000 after purchasing an additional 2,834 shares during the period.

Angel Oak UltraShort Income ETF Stock Up 0.0%

NASDAQ UYLD traded up $0.01 during trading on Tuesday, hitting $50.87. The stock had a trading volume of 120,919 shares, compared to its average volume of 250,176. Angel Oak UltraShort Income ETF has a one year low of $50.69 and a one year high of $51.40. The stock has a 50 day simple moving average of $50.98 and a 200 day simple moving average of $51.06.

Angel Oak UltraShort Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a $0.2304 dividend. The ex-dividend date was Wednesday, September 30th. This is a positive change from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1799. This represents a $2.77 annualized dividend and a dividend yield of 5.4%.

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.