Janney Montgomery Scott LLC Raises Stake in Angel Oak UltraShort Income ETF $UYLD

Janney Montgomery Scott LLC raised its stake in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 15.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 226,236 shares of the company’s stock after buying an additional 30,632 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.15% of Angel Oak UltraShort Income ETF worth $11,554,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. XY Planning Network Inc. grew its holdings in shares of Angel Oak UltraShort Income ETF by 60.8% during the 2nd quarter. XY Planning Network Inc. now owns 43,500 shares of the company’s stock worth $2,222,000 after purchasing an additional 16,456 shares during the period. Lewis Asset Management LLC grew its holdings in shares of Angel Oak UltraShort Income ETF by 10.7% during the 2nd quarter. Lewis Asset Management LLC now owns 49,996 shares of the company’s stock worth $2,553,000 after purchasing an additional 4,845 shares during the period. Worth Asset Management LLC grew its holdings in shares of Angel Oak UltraShort Income ETF by 238.0% during the 2nd quarter. Worth Asset Management LLC now owns 18,140 shares of the company’s stock worth $926,000 after purchasing an additional 12,773 shares during the period. NorthCrest Asset Manangement LLC grew its holdings in shares of Angel Oak UltraShort Income ETF by 24.0% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 55,339 shares of the company’s stock worth $2,828,000 after purchasing an additional 10,717 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Angel Oak UltraShort Income ETF by 10.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,961,125 shares of the company’s stock worth $457,913,000 after purchasing an additional 881,145 shares during the period.

Angel Oak UltraShort Income ETF Stock Performance

NASDAQ UYLD opened at $51.17 on Friday. Angel Oak UltraShort Income ETF has a twelve month low of $50.74 and a twelve month high of $51.46. The stock has a fifty day simple moving average of $51.24 and a 200-day simple moving average of $51.17.

Angel Oak UltraShort Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.2245 per share. The ex-dividend date was Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. This is a boost from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.20.

Angel Oak UltraShort Income ETF 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.