Congress Wealth Management LLC DE Grows Position in Angel Oak UltraShort Income ETF (NYSEARCA:UYLD)

Congress Wealth Management LLC DE raised its stake in shares of Angel Oak UltraShort Income ETF (NYSEARCA:UYLD) by 45.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,706 shares of the company’s stock after purchasing an additional 27,400 shares during the quarter. Congress Wealth Management LLC DE owned about 1.15% of Angel Oak UltraShort Income ETF worth $4,462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Angel Oak UltraShort Income ETF in the 1st quarter valued at $242,822,000. Requisite Capital Management LLC raised its stake in shares of Angel Oak UltraShort Income ETF by 186.7% in the fourth quarter. Requisite Capital Management LLC now owns 128,970 shares of the company’s stock worth $6,565,000 after purchasing an additional 83,993 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in Angel Oak UltraShort Income ETF in the fourth quarter valued at approximately $3,039,000. Mechanics Bank Trust Department increased its holdings in Angel Oak UltraShort Income ETF by 243.6% in the 1st quarter. Mechanics Bank Trust Department now owns 59,950 shares of the company’s stock worth $3,050,000 after buying an additional 42,500 shares during the period. Finally, Lewis Asset Management LLC acquired a new position in Angel Oak UltraShort Income ETF in the 4th quarter worth approximately $2,108,000.

Angel Oak UltraShort Income ETF Stock Performance

NYSEARCA UYLD traded down $0.03 on Monday, hitting $50.86. 35,656 shares of the company’s stock traded hands, compared to its average volume of 70,760. The firm’s 50-day moving average price is $50.98 and its two-hundred day moving average price is $50.88. Angel Oak UltraShort Income ETF has a 1-year low of $50.24 and a 1-year high of $51.13.

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 managed by Angel Oak.