Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sets New 52-Week Low – What’s Next?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $50.96 and last traded at $50.97, with a volume of 102060 shares. The stock had previously closed at $50.98.

Angel Oak UltraShort Income ETF Price Performance

The business has a 50-day moving average of $51.08 and a 200-day moving average of $51.13.

Angel Oak UltraShort Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 31st were given a dividend of $0.1799 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, August 31st.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new position in Angel Oak UltraShort Income ETF during the 4th quarter worth $27,000. Royal Bank of Canada boosted its holdings in shares of Angel Oak UltraShort Income ETF by 76.0% in the fourth quarter. Royal Bank of Canada now owns 901 shares of the company’s stock valued at $46,000 after acquiring an additional 389 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Angel Oak UltraShort Income ETF by 46,300.0% in the third quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock valued at $71,000 after acquiring an additional 1,389 shares in the last quarter. Worth Asset Management LLC acquired a new position in shares of Angel Oak UltraShort Income ETF during the second quarter worth about $247,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Angel Oak UltraShort Income ETF by 30.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock worth $259,000 after acquiring an additional 1,176 shares during the period.

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.