Angel Oak UltraShort Income ETF (UYLD) to Distribute Monthly Dividend of $0.23 on October 1st

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) declared a monthly dividend on Tuesday, September 29th. Investors of record on Wednesday, September 30th will be given a dividend of $0.2304 per share on Thursday, October 1st. This represents a $2.77 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 28.1% increase from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.1799.

Angel Oak UltraShort Income ETF Stock Down 0.4%

Shares of UYLD opened at $50.73 on Thursday. The firm’s fifty day simple moving average is $51.03 and its two-hundred day simple moving average is $51.09. Angel Oak UltraShort Income ETF has a 12 month low of $50.70 and a 12 month high of $51.40.

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

Hedge funds have recently added to or reduced their stakes in the business. Mattson Financial Services LLC lifted its stake in Angel Oak UltraShort Income ETF by 3.8% in the fourth quarter. Mattson Financial Services LLC now owns 28,482 shares of the company’s stock valued at $1,457,000 after buying an additional 1,050 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of Angel Oak UltraShort Income ETF by 30.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock worth $259,000 after buying an additional 1,176 shares during the period. NewEdge Advisors LLC grew its position in shares of 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 buying an additional 1,408 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Angel Oak UltraShort Income ETF by 37.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,333 shares of the company’s stock valued at $527,000 after acquiring an additional 2,834 shares in the last quarter. Finally, Lewis Asset Management LLC increased its stake in shares of Angel Oak UltraShort Income ETF by 5.1% in the 1st quarter. Lewis Asset Management LLC now owns 60,569 shares of the company’s stock valued at $3,091,000 after acquiring an additional 2,914 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.