Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sets New 1-Year Low – Here’s Why

Angel Oak UltraShort Income ETF (NASDAQ:UYLD)’s share price hit a new 52-week low during trading on Wednesday. The company traded as low as $50.69 and last traded at $50.7660, with a volume of 8762 shares traded. The stock had previously closed at $50.74.

Angel Oak UltraShort Income ETF Price Performance

The company’s 50 day moving average price is $51.00 and its 200 day moving average price is $51.07.

Angel Oak UltraShort Income ETF Increases Dividend

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

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

A number of hedge funds have recently added to or reduced their stakes in UYLD. NewEdge Advisors LLC increased its position in Angel Oak UltraShort Income ETF by 199.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,115 shares of the company’s stock worth $108,000 after purchasing an additional 1,408 shares during the period. Worth Asset Management LLC acquired a new stake in shares of Angel Oak UltraShort Income ETF in the 2nd quarter valued at approximately $247,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Angel Oak UltraShort Income ETF by 30.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock valued at $259,000 after buying an additional 1,176 shares during the period. Redwood Family Wealth LLC purchased a new stake in shares of Angel Oak UltraShort Income ETF in the fourth quarter valued at approximately $295,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Angel Oak UltraShort Income ETF by 37.8% in the first quarter. EverSource Wealth Advisors LLC now owns 10,333 shares of the company’s stock valued at $527,000 after buying an additional 2,834 shares in the last quarter.

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.