IFC Advisors LLC Trims Position in Angel Oak UltraShort Income ETF $UYLD

IFC Advisors LLC lessened its position in shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 1.9% in the second quarter, Holdings Channel reports. The fund owned 146,179 shares of the company’s stock after selling 2,787 shares during the quarter. Angel Oak UltraShort Income ETF comprises 1.4% of IFC Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. IFC Advisors LLC’s holdings in Angel Oak UltraShort Income ETF were worth $7,465,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UYLD. NorthCrest Asset Manangement LLC boosted its stake in shares of Angel Oak UltraShort Income ETF by 24.0% in the second quarter. NorthCrest Asset Manangement LLC now owns 55,339 shares of the company’s stock worth $2,828,000 after acquiring an additional 10,717 shares during the period. Parsons Capital Management Inc. RI raised its holdings in shares of Angel Oak UltraShort Income ETF by 40.5% in the second quarter. Parsons Capital Management Inc. RI now owns 94,027 shares of the company’s stock worth $4,802,000 after buying an additional 27,090 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Angel Oak UltraShort Income ETF by 10.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,079,980 shares of the company’s stock worth $412,806,000 after purchasing an additional 779,284 shares during the period. Kestra Private Wealth Services LLC increased its holdings in Angel Oak UltraShort Income ETF by 4.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 166,259 shares of the company’s stock worth $8,494,000 after purchasing an additional 6,998 shares during the period. Finally, Requisite Capital Management LLC increased its holdings in Angel Oak UltraShort Income ETF by 26.7% during the 2nd quarter. Requisite Capital Management LLC now owns 370,536 shares of the company’s stock worth $18,925,000 after purchasing an additional 78,045 shares during the period.

Angel Oak UltraShort Income ETF Stock Up 0.0%

Shares of NASDAQ UYLD opened at $51.21 on Tuesday. The stock’s fifty day simple moving average is $51.24 and its two-hundred day simple moving average is $51.17. Angel Oak UltraShort Income ETF has a 12-month low of $50.74 and a 12-month high of $51.46.

Angel Oak UltraShort Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a $0.2245 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. 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.

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.