11,895 Angel Oak UltraShort Income ETF $UYLD Shares Acquired by Mechanics Bank Trust Department

Mechanics Bank Trust Department grew its position in shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 23.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,254 shares of the company’s stock after purchasing an additional 11,895 shares during the period. Mechanics Bank Trust Department’s holdings in Angel Oak UltraShort Income ETF were worth $3,209,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mason & Associates Inc increased its holdings in shares of Angel Oak UltraShort Income ETF by 455.7% in the second quarter. Mason & Associates Inc now owns 268,513 shares of the company’s stock worth $13,696,000 after purchasing an additional 220,191 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in Angel Oak UltraShort Income ETF by 833.8% during the first quarter. Kestra Advisory Services LLC now owns 169,902 shares of the company’s stock valued at $8,671,000 after buying an additional 151,708 shares during the last quarter. Independent Financial Group LLC bought a new position in Angel Oak UltraShort Income ETF during the first quarter valued at approximately $7,413,000. Wealthcare Advisory Partners LLC boosted its stake in Angel Oak UltraShort Income ETF by 2,031.5% during the second quarter. Wealthcare Advisory Partners LLC now owns 108,896 shares of the company’s stock valued at $5,554,000 after buying an additional 103,787 shares during the last quarter. Finally, Fig Financial Advisory Services Inc. ADV purchased a new position in Angel Oak UltraShort Income ETF during the 3rd quarter valued at approximately $4,740,000.

Angel Oak UltraShort Income ETF Stock Performance

NASDAQ UYLD traded down $0.01 during trading on Tuesday, hitting $50.85. 235,156 shares of the stock traded hands, compared to its average volume of 250,803. The firm has a 50-day simple moving average of $50.98 and a 200-day simple moving average of $51.06. Angel Oak UltraShort Income ETF has a 12-month low of $50.69 and a 12-month high of $51.40.

Angel Oak UltraShort Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.2304 per share. This is a positive change from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1799. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.77 annualized dividend and a dividend yield of 5.4%.

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.