Gradient Investments LLC Acquires 20,086 Shares of Angel Oak UltraShort Income ETF $UYLD

Gradient Investments LLC boosted its holdings in shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,036,433 shares of the company’s stock after purchasing an additional 20,086 shares during the period. Gradient Investments LLC owned 3.86% of Angel Oak UltraShort Income ETF worth $52,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in shares of Angel Oak UltraShort Income ETF by 199.2% in the second quarter. NewEdge Advisors LLC now owns 2,115 shares of the company’s stock valued at $108,000 after buying an additional 1,408 shares during the last quarter. Worth Asset Management LLC bought a new stake in shares of Angel Oak UltraShort Income ETF during the second quarter valued at approximately $247,000. Rockefeller Capital Management L.P. increased its holdings in shares of Angel Oak UltraShort Income ETF by 30.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock valued at $259,000 after purchasing an additional 1,176 shares in the last quarter. Redwood Family Wealth LLC acquired 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 raised its position in 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 worth $527,000 after purchasing an additional 2,834 shares during the last quarter.

Angel Oak UltraShort Income ETF Stock Up 0.0%

NASDAQ:UYLD traded up $0.02 during trading hours on Thursday, hitting $50.84. 70,561 shares of the stock were exchanged, compared to its average volume of 249,671. The company’s 50 day moving average is $50.99 and its two-hundred day moving average is $51.07. Angel Oak UltraShort Income ETF has a twelve month low of $50.69 and a twelve month high of $51.40.

Angel Oak UltraShort Income ETF Increases Dividend

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

About Angel Oak UltraShort Income ETF

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.