Parsons Capital Management Inc. RI Purchases 27,090 Shares of Angel Oak UltraShort Income ETF $UYLD

Parsons Capital Management Inc. RI lifted its stake in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 40.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,027 shares of the company’s stock after purchasing an additional 27,090 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Angel Oak UltraShort Income ETF were worth $4,802,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Patten & Patten Inc. TN bought a new stake in shares of Angel Oak UltraShort Income ETF in the 1st quarter worth approximately $207,000. Riverwater Partners LLC boosted its position in shares of Angel Oak UltraShort Income ETF by 6.9% in 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 bought a new stake in shares of Angel Oak UltraShort Income ETF in the 1st quarter worth approximately $292,000. Able Wealth Management LLC bought a new stake in shares of Angel Oak UltraShort Income ETF in the 1st quarter worth approximately $342,000. Finally, NewEdge Advisors LLC boosted its position in shares of Angel Oak UltraShort Income ETF by 4.6% in 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 opened at $51.17 on Thursday. The business’s 50 day moving average price is $51.24 and its 200-day moving average price is $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 company also recently disclosed a monthly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a $0.2245 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Tuesday, September 30th. This is an increase from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.20.

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.