M Wealth Management LLC Invests $2.73 Million in Angel Oak UltraShort Income ETF $UYLD

M Wealth Management LLC acquired a new stake in shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 53,400 shares of the company’s stock, valued at approximately $2,727,000. Angel Oak UltraShort Income ETF accounts for about 2.5% of M Wealth Management LLC’s portfolio, making the stock its 9th largest holding. M Wealth Management LLC owned about 0.26% of Angel Oak UltraShort Income ETF as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in Angel Oak UltraShort Income ETF by 10.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,961,125 shares of the company’s stock valued at $457,913,000 after purchasing an additional 881,145 shares during the period. Vise Technologies Inc. purchased a new position in shares of Angel Oak UltraShort Income ETF during the 2nd quarter valued at about $5,736,000. Steel Grove Capital Advisors LLC grew its stake in shares of Angel Oak UltraShort Income ETF by 163.0% during the 2nd quarter. Steel Grove Capital Advisors LLC now owns 161,970 shares of the company’s stock valued at $8,272,000 after acquiring an additional 100,390 shares during the period. Bulwark Capital Corp bought a new position in shares of Angel Oak UltraShort Income ETF during the 2nd quarter valued at approximately $4,230,000. Finally, Requisite Capital Management LLC increased its holdings in Angel Oak UltraShort Income ETF by 26.7% in the 2nd quarter. Requisite Capital Management LLC now owns 370,536 shares of the company’s stock worth $18,925,000 after acquiring an additional 78,045 shares in the last quarter.

Angel Oak UltraShort Income ETF Stock Up 0.0%

Shares of NASDAQ:UYLD opened at $51.22 on Tuesday. Angel Oak UltraShort Income ETF has a 1-year low of $50.74 and a 1-year high of $51.46. The firm’s 50 day simple moving average is $51.25 and its two-hundred day simple moving average is $51.19.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 31st were issued a $0.2133 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) annualized dividend and a yield of 5.0%.

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.