Envestnet Asset Management Inc. Acquires New Position in Angel Oak UltraShort Income ETF $UYLD

Envestnet Asset Management Inc. acquired a new stake in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 19,674 shares of the company’s stock, valued at approximately $1,006,000. Envestnet Asset Management Inc. owned approximately 0.09% of Angel Oak UltraShort Income ETF at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. A4 Wealth Advisors LLC purchased a new stake in shares of Angel Oak UltraShort Income ETF in the third quarter valued at approximately $240,000. IFC Advisors LLC lifted its holdings in Angel Oak UltraShort Income ETF by 90.8% in the third quarter. IFC Advisors LLC now owns 278,980 shares of the company’s stock valued at $14,268,000 after acquiring an additional 132,801 shares during the period. Foundations Investment Advisors LLC acquired a new stake in Angel Oak UltraShort Income ETF in the third quarter valued at $245,000. Riverwater Partners LLC boosted its position in shares of Angel Oak UltraShort Income ETF by 52.5% during the 3rd quarter. Riverwater Partners LLC now owns 9,208 shares of the company’s stock worth $471,000 after purchasing an additional 3,171 shares in the last quarter. Finally, Sage Mountain Advisors LLC boosted its position in shares of Angel Oak UltraShort Income ETF by 80.7% during the 3rd quarter. Sage Mountain Advisors LLC now owns 109,179 shares of the company’s stock worth $5,584,000 after purchasing an additional 48,748 shares in the last quarter.

Angel Oak UltraShort Income ETF Stock Performance

Shares of UYLD opened at $51.19 on Wednesday. The company has a 50-day simple moving average of $51.24 and a 200-day simple moving average of $51.24. Angel Oak UltraShort Income ETF has a 52-week low of $50.74 and a 52-week high of $51.46.

Angel Oak UltraShort Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a $0.159 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.7%.

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.