Sage Mountain Advisors LLC Buys 48,748 Shares of Angel Oak UltraShort Income ETF $UYLD

Sage Mountain Advisors LLC raised its stake in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 80.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 109,179 shares of the company’s stock after purchasing an additional 48,748 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Angel Oak UltraShort Income ETF were worth $5,584,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Firethorn Wealth Partners LLC bought a new stake in shares of Angel Oak UltraShort Income ETF during the 2nd quarter worth $250,000. Riverwater Partners LLC raised its position in Angel Oak UltraShort Income ETF by 22.5% during the second quarter. Riverwater Partners LLC now owns 6,037 shares of the company’s stock valued at $308,000 after purchasing an additional 1,109 shares in the last quarter. First Trust Advisors LP bought a new stake in Angel Oak UltraShort Income ETF during the second quarter worth about $397,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Angel Oak UltraShort Income ETF during the second quarter worth about $414,000. Finally, Snowden Capital Advisors LLC boosted its holdings in shares of Angel Oak UltraShort Income ETF by 7.3% in the 2nd quarter. Snowden Capital Advisors LLC now owns 8,222 shares of the company’s stock worth $420,000 after purchasing an additional 560 shares in the last quarter.

Angel Oak UltraShort Income ETF Price Performance

Shares of NASDAQ UYLD opened at $51.22 on Tuesday. The stock’s 50-day moving average is $51.22 and its 200 day moving average is $51.22. Angel Oak UltraShort Income ETF has a 1-year low of $50.74 and a 1-year high of $51.46.

Angel Oak UltraShort Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 31st were given a $0.2367 dividend. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Wednesday, December 31st. This is a boost from Angel Oak UltraShort Income ETF’s previous monthly dividend of $0.18.

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.