Firethorn Wealth Partners LLC Takes $250,000 Position in Angel Oak UltraShort Income ETF $UYLD

Firethorn Wealth Partners LLC purchased a new position in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,891 shares of the company’s stock, valued at approximately $250,000.

Several other large investors have also added to or reduced their stakes in UYLD. Patten & Patten Inc. TN purchased a new stake in shares of Angel Oak UltraShort Income ETF in the 1st quarter worth about $207,000. Riverwater Partners LLC lifted its holdings in Angel Oak UltraShort Income ETF by 6.9% in the first quarter. Riverwater Partners LLC now owns 4,928 shares of the company’s stock worth $252,000 after buying an additional 319 shares during the period. Belpointe Asset Management LLC bought a new stake in Angel Oak UltraShort Income ETF during the 1st quarter valued at approximately $292,000. Able Wealth Management LLC bought a new stake in Angel Oak UltraShort Income ETF during the 1st quarter valued at approximately $342,000. Finally, NewEdge Advisors LLC grew its holdings 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 acquiring an additional 392 shares during the period.

Angel Oak UltraShort Income ETF Stock Performance

UYLD opened at $51.17 on Friday. The business has a 50 day moving average of $51.24 and a 200-day moving average of $51.17. Angel Oak UltraShort Income ETF has a 52 week low of $50.74 and a 52 week high of $51.46.

Angel Oak UltraShort Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.2245 per share. This is a boost from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.20. The ex-dividend date was Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%.

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.