Steel Grove Capital Advisors LLC Acquires 45,529 Shares of Angel Oak UltraShort Income ETF $UYLD

Steel Grove Capital Advisors LLC raised its holdings in shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 21.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 253,126 shares of the company’s stock after purchasing an additional 45,529 shares during the quarter. Angel Oak UltraShort Income ETF accounts for approximately 0.8% of Steel Grove Capital Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Steel Grove Capital Advisors LLC’s holdings in Angel Oak UltraShort Income ETF were worth $12,841,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC boosted its stake in shares of Angel Oak UltraShort Income ETF by 199.2% during the second quarter. NewEdge Advisors LLC now owns 2,115 shares of the company’s stock valued at $108,000 after purchasing an additional 1,408 shares during the period. Worth Asset Management LLC purchased a new position in Angel Oak UltraShort Income ETF in the 2nd quarter worth about $247,000. Rockefeller Capital Management L.P. increased its stake in 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 worth $259,000 after buying an additional 1,176 shares during the period. Redwood Family Wealth LLC purchased a new position in Angel Oak UltraShort Income ETF in the 4th quarter worth about $295,000. Finally, EverSource Wealth Advisors LLC increased its stake 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 buying an additional 2,834 shares during the period.

Angel Oak UltraShort Income ETF Trading Up 0.0%

UYLD traded up $0.01 on Tuesday, reaching $50.87. 120,919 shares of the company traded hands, compared to its average volume of 250,176. Angel Oak UltraShort Income ETF has a one year low of $50.69 and a one year high of $51.40. The firm has a fifty day simple moving average of $50.98 and a two-hundred day simple moving average of $51.06.

Angel Oak UltraShort Income ETF Increases Dividend

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

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.