Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Declares $0.19 Dividend

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) declared a dividend on Thursday, July 30th, NASDAQ Dividends reports. Shareholders of record on Friday, July 31st will be paid a dividend of 0.1939 per share on Monday, August 3rd. The ex-dividend date of this dividend is Friday, July 31st.

Angel Oak UltraShort Income ETF Stock Performance

NASDAQ:UYLD traded down $0.18 during trading hours on Friday, reaching $50.99. The stock had a trading volume of 198,928 shares, compared to its average volume of 188,764. The stock has a 50 day simple moving average of $51.10 and a 200 day simple moving average of $51.15. Angel Oak UltraShort Income ETF has a 12-month low of $50.96 and a 12-month high of $51.46.

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UYLD. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Angel Oak UltraShort Income ETF by 68.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,711 shares of the company’s stock valued at $546,000 after purchasing an additional 4,352 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Angel Oak UltraShort Income ETF by 2,031.5% in the second quarter. Wealthcare Advisory Partners LLC now owns 108,896 shares of the company’s stock worth $5,554,000 after purchasing an additional 103,787 shares in the last quarter. Worth Asset Management LLC purchased a new position in shares of Angel Oak UltraShort Income ETF in the second quarter worth about $247,000. Mechanics Bank Trust Department increased its stake in shares of Angel Oak UltraShort Income ETF by 9.8% in the second quarter. Mechanics Bank Trust Department now owns 51,359 shares of the company’s stock worth $2,620,000 after purchasing an additional 4,591 shares in the last quarter. Finally, Balefire LLC raised its position in shares of Angel Oak UltraShort Income ETF by 48.5% in the second quarter. Balefire LLC now owns 21,765 shares of the company’s stock valued at $1,110,000 after purchasing an additional 7,113 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.