Angel Oak UltraShort Income ETF (NYSEARCA:UYLD) Stock Position Trimmed by Mechanics Bank Trust Department

Mechanics Bank Trust Department lowered its position in Angel Oak UltraShort Income ETF (NYSEARCA:UYLD) by 4.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,100 shares of the company’s stock after selling 2,850 shares during the quarter. Mechanics Bank Trust Department’s holdings in Angel Oak UltraShort Income ETF were worth $2,906,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sage Mountain Advisors LLC bought a new stake in shares of Angel Oak UltraShort Income ETF during the fourth quarter valued at about $1,143,000. Islay Capital Management LLC raised its position in shares of Angel Oak UltraShort Income ETF by 75.0% during the 4th quarter. Islay Capital Management LLC now owns 17,500 shares of the company’s stock worth $885,000 after buying an additional 7,500 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Angel Oak UltraShort Income ETF in the 4th quarter worth approximately $75,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of Angel Oak UltraShort Income ETF in the fourth quarter valued at approximately $3,039,000. Finally, Congress Wealth Management LLC DE increased its stake in shares of Angel Oak UltraShort Income ETF by 30.5% during the fourth quarter. Congress Wealth Management LLC DE now owns 60,306 shares of the company’s stock valued at $3,051,000 after acquiring an additional 14,079 shares during the period.

Angel Oak UltraShort Income ETF Price Performance

NYSEARCA:UYLD traded up $0.05 during midday trading on Friday, hitting $51.13. 19,748 shares of the stock were exchanged, compared to its average volume of 68,769. The business has a 50-day moving average price of $51.06 and a two-hundred day moving average price of $50.96. Angel Oak UltraShort Income ETF has a one year low of $50.31 and a one year high of $51.28.

Angel Oak UltraShort Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 31st were issued a $0.2757 dividend. This is a positive change from Angel Oak UltraShort Income ETF’s previous dividend of $0.18. The ex-dividend date of this dividend was Wednesday, 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 managed by Angel Oak.