M Holdings Securities Inc. Takes $586,000 Position in Angel Oak UltraShort Income ETF $UYLD

M Holdings Securities Inc. acquired a new position in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,484 shares of the company’s stock, valued at approximately $586,000.

A number of other large investors also recently made changes to their positions in UYLD. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Angel Oak UltraShort Income ETF by 68.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,711 shares of the company’s stock worth $546,000 after buying an additional 4,352 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of Angel Oak UltraShort Income ETF by 2,031.5% in the second quarter. Wealthcare Advisory Partners LLC now owns 108,896 shares of the company’s stock worth $5,554,000 after buying an additional 103,787 shares in the last quarter. Worth Asset Management LLC bought a new stake in Angel Oak UltraShort Income ETF during the second quarter valued at approximately $247,000. Mechanics Bank Trust Department boosted its holdings in shares of Angel Oak UltraShort Income ETF by 9.8% in the 2nd quarter. Mechanics Bank Trust Department now owns 51,359 shares of the company’s stock worth $2,620,000 after purchasing an additional 4,591 shares in the last quarter. Finally, Balefire LLC raised its position in Angel Oak UltraShort Income ETF by 48.5% in the 2nd quarter. Balefire LLC now owns 21,765 shares of the company’s stock worth $1,110,000 after purchasing an additional 7,113 shares during the period.

Angel Oak UltraShort Income ETF Stock Performance

Shares of Angel Oak UltraShort Income ETF stock opened at $51.13 on Monday. Angel Oak UltraShort Income ETF has a 52-week low of $50.96 and a 52-week high of $51.46. The company’s 50 day moving average price is $51.09 and its 200-day moving average price is $51.13.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were given a dividend of $0.1939 per share. The ex-dividend date of this dividend was Friday, July 31st.

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.