Worth Asset Management LLC Raises Position in Angel Oak UltraShort Income ETF $UYLD

Worth Asset Management LLC grew its holdings in shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 238.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,140 shares of the company’s stock after buying an additional 12,773 shares during the quarter. Worth Asset Management LLC owned 0.09% of Angel Oak UltraShort Income ETF worth $926,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Patten & Patten Inc. TN purchased a new position in Angel Oak UltraShort Income ETF in the 1st quarter worth $207,000. Riverwater Partners LLC boosted its holdings in 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 buying an additional 319 shares during the last quarter. Vise Technologies Inc. acquired a new position in shares of Angel Oak UltraShort Income ETF during the 4th quarter worth approximately $280,000. Belpointe Asset Management LLC acquired a new position in shares of Angel Oak UltraShort Income ETF during the 1st quarter worth approximately $292,000. Finally, Able Wealth Management LLC purchased a new stake in shares of Angel Oak UltraShort Income ETF during the 1st quarter valued at approximately $342,000.

Angel Oak UltraShort Income ETF Stock Performance

NASDAQ:UYLD opened at $51.33 on Friday. The company has a fifty day simple moving average of $51.22 and a two-hundred day simple moving average of $51.17. Angel Oak UltraShort Income ETF has a 52 week low of $50.74 and a 52 week high of $51.44.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 29th were issued a dividend of $0.1993 per share. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Friday, August 29th.

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.