Key Points
- Insider Anne Kritzmire purchased 3,440 TBLD shares at an average price of $22.20, increasing her direct ownership by 245.71% to 4,840 shares.
- TBLD shares were trading up 1.5% at $22.36, within a 12-month range of $19.48 to $23.02.
- The trust announced a monthly dividend of $0.1042 per share, implying a 5.6% annualized yield, while several institutional investors recently increased or initiated positions.
Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD - Get Free Report) insider Anne Kritzmire purchased 3,440 shares of Thornburg Income Builder Opportunities Trust stock in a transaction dated Wednesday, August 5th. The shares were acquired at an average cost of $22.20 per share, with a total value of $76,368.00. Following the transaction, the insider directly owned 4,840 shares in the company, valued at approximately $107,448. The trade was a 245.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Thornburg Income Builder Opportunities Trust Trading Up 1.5%
Shares of NASDAQ:TBLD opened at $22.36 on Thursday. The firm's 50 day moving average price is $21.98 and its 200-day moving average price is $21.89. Thornburg Income Builder Opportunities Trust has a twelve month low of $19.48 and a twelve month high of $23.02.
Thornburg Income Builder Opportunities Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.1042 per share. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Thursday, August 13th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Closed End Fund Advisors Inc. bought a new stake in shares of Thornburg Income Builder Opportunities Trust during the 4th quarter valued at $784,000. Wolverine Asset Management LLC bought a new position in Thornburg Income Builder Opportunities Trust in the 4th quarter worth $1,404,000. Kera Capital Partners Inc. raised its holdings in Thornburg Income Builder Opportunities Trust by 8.3% in the 4th quarter. Kera Capital Partners Inc. now owns 434,901 shares of the company's stock worth $9,216,000 after purchasing an additional 33,282 shares during the period. Sanctuary Advisors LLC lifted its position in Thornburg Income Builder Opportunities Trust by 50.1% during the first quarter. Sanctuary Advisors LLC now owns 128,476 shares of the company's stock valued at $2,717,000 after purchasing an additional 42,898 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Thornburg Income Builder Opportunities Trust by 10.2% during the fourth quarter. Royal Bank of Canada now owns 491,279 shares of the company's stock valued at $9,875,000 after purchasing an additional 45,271 shares in the last quarter.
Thornburg Income Builder Opportunities Trust Company Profile
(
Get Free Report)
Thornburg Income Builder Opportunities Trust (NASDAQ: TBLD) is a closed-end management investment company that seeks to provide a high level of total return, with an emphasis on current income and the potential for capital appreciation. Listed on the NASDAQ, the Trust offers investors access to a managed portfolio that combines income-generating securities with opportunistic equity and convertible instruments. By blending diverse asset types, the Trust aims to balance yield objectives with capital growth prospects over a full market cycle.
The Trust's investment approach centers on assembling a diversified mix of high-yield bonds, preferred securities, convertible debt and common stocks across U.S.
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