Steel Grove Capital Advisors LLC Invests $3.15 Million in Angel Oak UltraShort Income ETF (NASDAQ:UYLD)

Steel Grove Capital Advisors LLC bought a new stake in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 61,580 shares of the company’s stock, valued at approximately $3,146,000. Angel Oak UltraShort Income ETF makes up approximately 0.5% of Steel Grove Capital Advisors LLC’s holdings, making the stock its 23rd largest holding. Steel Grove Capital Advisors LLC owned approximately 0.37% of Angel Oak UltraShort Income ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in Angel Oak UltraShort Income ETF by 13.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 195,604 shares of the company’s stock valued at $9,993,000 after buying an additional 22,495 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Angel Oak UltraShort Income ETF by 10.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,079,980 shares of the company’s stock valued at $412,806,000 after buying an additional 779,284 shares in the last quarter. NorthCrest Asset Manangement LLC increased its position in Angel Oak UltraShort Income ETF by 167.9% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 44,622 shares of the company’s stock valued at $2,280,000 after buying an additional 27,963 shares in the last quarter. Parsons Capital Management Inc. RI bought a new stake in Angel Oak UltraShort Income ETF in the 1st quarter valued at about $3,420,000. Finally, Requisite Capital Management LLC increased its position in Angel Oak UltraShort Income ETF by 31.9% in the 1st quarter. Requisite Capital Management LLC now owns 292,491 shares of the company’s stock valued at $15,015,000 after buying an additional 70,798 shares in the last quarter.

Angel Oak UltraShort Income ETF Price Performance

Shares of UYLD opened at $51.13 on Wednesday. Angel Oak UltraShort Income ETF has a 52 week low of $50.74 and a 52 week high of $51.44. The stock has a 50 day moving average price of $51.11 and a two-hundred day moving average price of $51.16.

Angel Oak UltraShort Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 30th were given a dividend of $0.2231 per share. The ex-dividend date was Friday, May 30th.

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.