Independent Financial Group LLC Makes New $7.41 Million Investment in Angel Oak UltraShort Income ETF $UYLD

Independent Financial Group LLC bought a new position in shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 145,244 shares of the company’s stock, valued at approximately $7,413,000.

Several other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Angel Oak UltraShort Income ETF in the 4th quarter valued at about $27,000. Royal Bank of Canada raised its holdings in Angel Oak UltraShort Income ETF by 76.0% in the 4th quarter. Royal Bank of Canada now owns 901 shares of the company’s stock worth $46,000 after purchasing an additional 389 shares during the period. JPMorgan Chase & Co. boosted its position in Angel Oak UltraShort Income ETF by 46,300.0% during the third quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock worth $71,000 after purchasing an additional 1,389 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Angel Oak UltraShort Income ETF by 30.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock worth $259,000 after purchasing an additional 1,176 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in Angel Oak UltraShort Income ETF by 18.6% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 5,328 shares of the company’s stock valued at $272,000 after purchasing an additional 837 shares during the period.

Angel Oak UltraShort Income ETF Price Performance

Shares of UYLD opened at $51.11 on Friday. Angel Oak UltraShort Income ETF has a 12 month low of $50.96 and a 12 month high of $51.46. The stock’s 50 day moving average is $51.09 and its two-hundred day moving average is $51.16.

Angel Oak UltraShort Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.1998 per share. This is a positive change from Angel Oak UltraShort Income ETF’s previous dividend of $0.18. The ex-dividend date was Tuesday, June 30th.

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.