Gradient Investments LLC Cuts Holdings in Angel Oak UltraShort Income ETF $UYLD

Gradient Investments LLC decreased its holdings in Angel Oak UltraShort Income ETF (NASDAQ:UYLD) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,378,955 shares of the company’s stock after selling 28,065 shares during the period. Angel Oak UltraShort Income ETF comprises about 1.1% of Gradient Investments LLC’s investment portfolio, making the stock its 19th biggest holding. Gradient Investments LLC owned 5.75% of Angel Oak UltraShort Income ETF worth $70,526,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. MAI Capital Management bought a new position in shares of Angel Oak UltraShort Income ETF during the third quarter valued at $28,000. JPMorgan Chase & Co. boosted its position 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 valued at $71,000 after buying an additional 1,389 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in Angel Oak UltraShort Income ETF in the 3rd quarter worth about $230,000. A4 Wealth Advisors LLC purchased a new position in Angel Oak UltraShort Income ETF in the 3rd quarter worth about $240,000. Finally, Foundations Investment Advisors LLC purchased a new position in Angel Oak UltraShort Income ETF in the 3rd quarter worth about $245,000.

Angel Oak UltraShort Income ETF Stock Performance

UYLD opened at $51.18 on Monday. The company’s 50-day simple moving average is $51.24 and its two-hundred day simple moving average is $51.24. Angel Oak UltraShort Income ETF has a 52-week low of $50.74 and a 52-week high of $51.46.

Angel Oak UltraShort Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.159 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, February 27th.

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.