Steel Grove Capital Advisors LLC Has $8.27 Million Stock Holdings in Angel Oak UltraShort Income ETF $UYLD

Steel Grove Capital Advisors LLC increased its position in shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 163.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,970 shares of the company’s stock after acquiring an additional 100,390 shares during the quarter. Angel Oak UltraShort Income ETF comprises about 1.0% of Steel Grove Capital Advisors LLC’s investment portfolio, making the stock its 13th largest position. Steel Grove Capital Advisors LLC’s holdings in Angel Oak UltraShort Income ETF were worth $8,272,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Patten & Patten Inc. TN acquired a new position in Angel Oak UltraShort Income ETF in the first quarter valued at about $207,000. Firethorn Wealth Partners LLC acquired a new position in Angel Oak UltraShort Income ETF in the second quarter valued at about $250,000. Belpointe Asset Management LLC acquired a new position in Angel Oak UltraShort Income ETF in the first quarter valued at about $292,000. Able Wealth Management LLC acquired a new position in Angel Oak UltraShort Income ETF in the first quarter valued at about $342,000. Finally, NewEdge Advisors LLC lifted its stake in Angel Oak UltraShort Income ETF by 4.6% in the first quarter. NewEdge Advisors LLC now owns 8,936 shares of the company’s stock valued at $457,000 after buying an additional 392 shares during the period.

Angel Oak UltraShort Income ETF Price Performance

NASDAQ:UYLD opened at $51.31 on Wednesday. Angel Oak UltraShort Income ETF has a 1-year low of $50.74 and a 1-year high of $51.46. The business’s 50-day moving average price is $51.25 and its two-hundred day moving average price is $51.18.

Angel Oak UltraShort Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were paid a $0.2245 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a yield of 5.3%.

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.