IFC Advisors LLC Increases Holdings in Angel Oak UltraShort Income ETF $UYLD

IFC Advisors LLC lifted its position in shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 90.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 278,980 shares of the company’s stock after buying an additional 132,801 shares during the quarter. Angel Oak UltraShort Income ETF makes up 2.6% of IFC Advisors LLC’s holdings, making the stock its 8th largest holding. IFC Advisors LLC’s holdings in Angel Oak UltraShort Income ETF were worth $14,268,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in UYLD. Foundations Investment Advisors LLC purchased a new stake in Angel Oak UltraShort Income ETF during the third quarter valued at $245,000. Firethorn Wealth Partners LLC purchased a new stake in Angel Oak UltraShort Income ETF in the 2nd quarter valued at about $250,000. Riverwater Partners LLC grew its position in shares of Angel Oak UltraShort Income ETF by 22.5% during the 2nd 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 purchased a new position in Angel Oak UltraShort Income ETF during the 2nd quarter valued at about $397,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Angel Oak UltraShort Income ETF during the second quarter valued at approximately $414,000.

Angel Oak UltraShort Income ETF Price Performance

UYLD stock opened at $51.30 on Friday. Angel Oak UltraShort Income ETF has a one year low of $50.74 and a one year high of $51.46. The firm has a 50-day simple moving average of $51.23 and a two-hundred day simple moving average of $51.23.

Angel Oak UltraShort Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be issued a $0.1689 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, January 30th.

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.