Steel Grove Capital Advisors LLC Buys New Position in Angel Oak UltraShort Income ETF (NASDAQ:UYLD)

Steel Grove Capital Advisors LLC bought a new stake in shares of Angel Oak UltraShort Income ETF (NASDAQ:UYLD) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 61,580 shares of the company’s stock, valued at approximately $3,146,000. Angel Oak UltraShort Income ETF comprises about 0.5% of Steel Grove Capital Advisors LLC’s holdings, making the stock its 23rd largest position.

Several other hedge funds also recently modified their holdings of UYLD. Benjamin Edwards Inc. boosted its position in Angel Oak UltraShort Income ETF by 0.5% in the fourth quarter. Benjamin Edwards Inc. now owns 55,490 shares of the company’s stock worth $2,834,000 after purchasing an additional 283 shares during the last quarter. Mechanics Bank Trust Department boosted its position in Angel Oak UltraShort Income ETF by 1.1% in the first quarter. Mechanics Bank Trust Department now owns 60,078 shares of the company’s stock worth $3,069,000 after purchasing an additional 648 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Angel Oak UltraShort Income ETF in the fourth quarter worth $232,000. Riverwater Partners LLC purchased a new position in Angel Oak UltraShort Income ETF in the fourth quarter worth $235,000. Finally, Concurrent Investment Advisors LLC boosted its position in Angel Oak UltraShort Income ETF by 49.1% in the fourth quarter. Concurrent Investment Advisors LLC now owns 15,026 shares of the company’s stock worth $767,000 after purchasing an additional 4,950 shares during the last quarter.

Angel Oak UltraShort Income ETF Price Performance

UYLD stock opened at $51.13 on Wednesday. The stock’s fifty day simple moving average is $51.11 and its two-hundred day simple moving average is $51.16. Angel Oak UltraShort Income ETF has a 1-year low of $50.74 and a 1-year high of $51.44.

Angel Oak UltraShort Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 30th were given a $0.2231 dividend. The ex-dividend date of this dividend was Friday, May 30th.

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.