M Holdings Securities Inc. Purchases New Position in Angel Oak UltraShort Income ETF $UYLD

M Holdings Securities Inc. bought a new position in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,484 shares of the company’s stock, valued at approximately $586,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UYLD. Osaic Holdings Inc. boosted its holdings in Angel Oak UltraShort Income ETF by 61.6% in the fourth quarter. Osaic Holdings Inc. now owns 804,220 shares of the company’s stock valued at $41,131,000 after acquiring an additional 306,470 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of Angel Oak UltraShort Income ETF by 1,273.9% in the 3rd quarter. Citadel Advisors LLC now owns 300,188 shares of the company’s stock valued at $15,353,000 after purchasing an additional 278,338 shares during the period. First National Bank of Omaha bought a new stake in shares of Angel Oak UltraShort Income ETF in the fourth quarter worth $13,248,000. UBS Group AG boosted its position in Angel Oak UltraShort Income ETF by 48.7% during the third quarter. UBS Group AG now owns 720,006 shares of the company’s stock valued at $36,825,000 after purchasing an additional 235,886 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its position in shares of Angel Oak UltraShort Income ETF by 833.8% in the 1st quarter. Kestra Advisory Services LLC now owns 169,902 shares of the company’s stock valued at $8,671,000 after acquiring an additional 151,708 shares during the period.

Angel Oak UltraShort Income ETF Stock Performance

Shares of UYLD stock opened at $51.13 on Monday. The firm has a 50 day moving average price of $51.09 and a two-hundred day moving average price of $51.13. Angel Oak UltraShort Income ETF has a 12-month low of $50.96 and a 12-month high of $51.46.

Angel Oak UltraShort Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were paid a $0.1939 dividend. The ex-dividend date was Friday, July 31st.

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.