IFC Boosts UYLD Holdings for Steady Income

IFC Advisors recently increased its investment in the Angel Oak UltraShort Income ETF (UYLD) by 88,758 shares, valued at approximately $4.5 million, making it a 2.3% portion of their $13 billion assets under management. This move marks a 39% increase in their UYLD position. The ETF, with a $1.4 billion AUM, offers a 4.90% dividend yield and a low 0.34% expense ratio. It has returned 4.93% over the past year, providing steady income with minimal rate risk. Investors are using UYLD to balance equity-heavy portfolios and generate higher yields than money market yields without significant duration risk. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c907317d9c01c4bc