Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Reaches New 1-Year Low – Time to Sell?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD)’s stock price reached a new 52-week low on Wednesday. The company traded as low as $50.83 and last traded at $50.83, with a volume of 500 shares changing hands. The stock had previously closed at $50.94.

Angel Oak UltraShort Income ETF Stock Performance

The firm’s 50 day moving average is $51.04 and its 200-day moving average is $51.09.

Angel Oak UltraShort Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th will be issued a $0.2304 dividend. This is a boost from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1799. The ex-dividend date is Wednesday, September 30th. This represents a $2.77 annualized dividend and a yield of 5.5%.

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

Several hedge funds have recently made changes to their positions in UYLD. NewEdge Advisors LLC grew its position in shares of Angel Oak UltraShort Income ETF by 199.2% in the second 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 period. Worth Asset Management LLC purchased a new position in Angel Oak UltraShort Income ETF during the second quarter worth about $247,000. Rockefeller Capital Management L.P. lifted its position in Angel Oak UltraShort Income ETF by 30.3% during the fourth 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 acquired a new stake in Angel Oak UltraShort Income ETF in the 4th quarter worth about $295,000. Finally, EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 2,834 shares during the last quarter.

About Angel Oak UltraShort Income ETF

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.