Angel Oak UltraShort Income ETF $UYLD Stock: Midland Wealth Advisors LLC Boosts Holdings

Midland Wealth Advisors LLC grew its stake in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 6.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 248,527 shares of the company’s stock after purchasing an additional 15,262 shares during the period. Angel Oak UltraShort Income ETF comprises approximately 0.6% of Midland Wealth Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Midland Wealth Advisors LLC’s holdings in Angel Oak UltraShort Income ETF were worth $12,608,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UYLD. NewEdge Advisors LLC increased its position in 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 purchasing an additional 1,408 shares in the last quarter. Worth Asset Management LLC bought a new position in Angel Oak UltraShort Income ETF in the 2nd quarter valued at approximately $247,000. Rockefeller Capital Management L.P. lifted 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 valued at $259,000 after purchasing an additional 1,176 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Angel Oak UltraShort Income ETF by 37.8% in the first quarter. EverSource Wealth Advisors LLC now owns 10,333 shares of the company’s stock valued at $527,000 after buying an additional 2,834 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in Angel Oak UltraShort Income ETF by 68.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,711 shares of the company’s stock valued at $546,000 after buying an additional 4,352 shares in the last quarter.

Angel Oak UltraShort Income ETF Price Performance

NASDAQ UYLD opened at $50.98 on Wednesday. The firm’s fifty day moving average price is $50.96 and its two-hundred day moving average price is $51.10. Angel Oak UltraShort Income ETF has a fifty-two week low of $50.69 and a fifty-two week high of $51.40.

Angel Oak UltraShort Income ETF Increases Dividend

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

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.