Angel Oak UltraShort Income ETF (NASDAQ:UYLD) Sets New 12-Month Low – What’s Next?

Angel Oak UltraShort Income ETF (NASDAQ:UYLD) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $50.94 and last traded at $50.9750, with a volume of 117990 shares traded. The stock had previously closed at $51.01.

Angel Oak UltraShort Income ETF Price Performance

The firm has a 50-day simple moving average of $51.07 and a 200 day simple moving average of $51.12.

Angel Oak UltraShort Income ETF Cuts Dividend

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

Institutional Investors Weigh In On Angel Oak UltraShort Income ETF

Several hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new position in Angel Oak UltraShort Income ETF in the 4th quarter valued at approximately $27,000. Royal Bank of Canada lifted its holdings in shares of Angel Oak UltraShort Income ETF by 76.0% during the fourth quarter. Royal Bank of Canada now owns 901 shares of the company’s stock worth $46,000 after purchasing an additional 389 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Angel Oak UltraShort Income ETF by 46,300.0% during the third 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. NewEdge Advisors LLC grew its stake in shares of Angel Oak UltraShort Income ETF by 199.2% in the second quarter. NewEdge Advisors LLC now owns 2,115 shares of the company’s stock worth $108,000 after purchasing an additional 1,408 shares during the last quarter. Finally, Worth Asset Management LLC bought a new stake in shares of Angel Oak UltraShort Income ETF in the second quarter worth $247,000.

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.