Worth Asset Management LLC Sells 14,120 Shares of Angel Oak UltraShort Income ETF $UYLD

Worth Asset Management LLC decreased its position in shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 77.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,020 shares of the company’s stock after selling 14,120 shares during the period. Worth Asset Management LLC’s holdings in Angel Oak UltraShort Income ETF were worth $206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Firethorn Wealth Partners LLC bought a new position in shares of Angel Oak UltraShort Income ETF during the 2nd quarter valued at about $250,000. Belpointe Asset Management LLC bought a new stake in Angel Oak UltraShort Income ETF in the 1st quarter worth approximately $292,000. Riverwater Partners LLC boosted its stake in Angel Oak UltraShort Income ETF by 22.5% in the second quarter. Riverwater Partners LLC now owns 6,037 shares of the company’s stock worth $308,000 after buying an additional 1,109 shares in the last quarter. First Trust Advisors LP bought a new position in Angel Oak UltraShort Income ETF during the second quarter valued at approximately $397,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Angel Oak UltraShort Income ETF during the second quarter valued at approximately $414,000.

Angel Oak UltraShort Income ETF Stock Performance

Shares of UYLD opened at $51.33 on Monday. Angel Oak UltraShort Income ETF has a fifty-two week low of $50.74 and a fifty-two week high of $51.46. The firm has a 50 day moving average price of $51.23 and a 200-day moving average price of $51.22.

Angel Oak UltraShort Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 28th were given a dividend of $0.1756 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, November 28th.

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.