Gradient Investments LLC Lowers Stake in Angel Oak UltraShort Income ETF $UYLD

Gradient Investments LLC lessened its position in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,016,347 shares of the company’s stock after selling 61,325 shares during the period. Gradient Investments LLC’s holdings in Angel Oak UltraShort Income ETF were worth $51,839,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of UYLD. Northwestern Mutual Wealth Management Co. acquired a new stake in Angel Oak UltraShort Income ETF during the fourth quarter worth approximately $27,000. Royal Bank of Canada raised its holdings in Angel Oak UltraShort Income ETF by 76.0% in the 4th quarter. Royal Bank of Canada now owns 901 shares of the company’s stock valued at $46,000 after acquiring an additional 389 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Angel Oak UltraShort Income ETF by 46,300.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock worth $71,000 after purchasing an additional 1,389 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Angel Oak UltraShort Income ETF by 30.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,058 shares of the company’s stock worth $259,000 after purchasing an additional 1,176 shares during the period. Finally, MML Investors Services LLC lifted its stake in shares of Angel Oak UltraShort Income ETF by 23.8% during the 4th quarter. MML Investors Services LLC now owns 5,714 shares of the company’s stock worth $292,000 after purchasing an additional 1,099 shares during the period.

Angel Oak UltraShort Income ETF Stock Performance

UYLD stock opened at $51.04 on Friday. Angel Oak UltraShort Income ETF has a 52-week low of $50.96 and a 52-week high of $51.46. The stock’s fifty day simple moving average is $51.08 and its 200-day simple moving average is $51.15.

Angel Oak UltraShort Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were given a dividend of $0.1939 per share. The ex-dividend date was Friday, July 31st.

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.