Precision Wealth Strategies LLC Invests $2.78 Million in Angel Oak UltraShort Income ETF (NYSEARCA:UYLD)

Precision Wealth Strategies LLC purchased a new position in Angel Oak UltraShort Income ETF (NYSEARCA:UYLD) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 54,705 shares of the company’s stock, valued at approximately $2,783,000. Angel Oak UltraShort Income ETF accounts for approximately 2.6% of Precision Wealth Strategies LLC’s investment portfolio, making the stock its 8th largest holding. Precision Wealth Strategies LLC owned about 0.69% of Angel Oak UltraShort Income ETF at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of UYLD. Requisite Capital Management LLC lifted its position in Angel Oak UltraShort Income ETF by 186.7% during the fourth quarter. Requisite Capital Management LLC now owns 128,970 shares of the company’s stock valued at $6,565,000 after acquiring an additional 83,993 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in Angel Oak UltraShort Income ETF during the fourth quarter valued at approximately $75,000. Secure Asset Management LLC purchased a new stake in Angel Oak UltraShort Income ETF during the fourth quarter valued at approximately $1,394,000. Camarda Financial Advisors LLC purchased a new stake in Angel Oak UltraShort Income ETF during the third quarter valued at approximately $1,849,000. Finally, Lewis Asset Management LLC purchased a new stake in Angel Oak UltraShort Income ETF during the fourth quarter valued at approximately $2,108,000.

Angel Oak UltraShort Income ETF Trading Up 0.1 %

NYSEARCA:UYLD traded up $0.05 during midday trading on Friday, reaching $51.00. 37,044 shares of the stock traded hands, compared to its average volume of 70,000. Angel Oak UltraShort Income ETF has a 12-month low of $50.26 and a 12-month high of $51.13. The business has a 50-day moving average of $50.97 and a two-hundred day moving average of $50.88.

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.