Shaker Financial Services LLC Purchases 213,332 Shares of Thornburg Income Builder Opportunities Trust $TBLD

Shaker Financial Services LLC bought a new position in shares of Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 213,332 shares of the company’s stock, valued at approximately $4,335,000. Thornburg Income Builder Opportunities Trust comprises 1.4% of Shaker Financial Services LLC’s holdings, making the stock its 18th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of Thornburg Income Builder Opportunities Trust in the 2nd quarter valued at $3,078,000. Kera Capital Partners Inc. raised its stake in Thornburg Income Builder Opportunities Trust by 8.3% during the 4th quarter. Kera Capital Partners Inc. now owns 434,901 shares of the company’s stock worth $9,216,000 after buying an additional 33,282 shares during the period. Evolve Private Wealth LLC acquired a new stake in Thornburg Income Builder Opportunities Trust during the 2nd quarter worth $1,721,000. NewEdge Advisors LLC lifted its holdings in Thornburg Income Builder Opportunities Trust by 8.2% during the second quarter. NewEdge Advisors LLC now owns 16,513 shares of the company’s stock worth $364,000 after acquiring an additional 1,250 shares in the last quarter. Finally, KW Wealth Management LLC bought a new position in Thornburg Income Builder Opportunities Trust during the fourth quarter worth about $283,000.

Thornburg Income Builder Opportunities Trust Stock Down 0.4%

NASDAQ:TBLD traded down $0.08 on Wednesday, reaching $20.12. The company’s stock had a trading volume of 33,415 shares, compared to its average volume of 60,945. The business’s 50-day moving average price is $21.43 and its two-hundred day moving average price is $21.74. Thornburg Income Builder Opportunities Trust has a 1-year low of $19.48 and a 1-year high of $23.02.

Thornburg Income Builder Opportunities Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 13th will be issued a $0.1042 dividend. This represents a $1.25 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Tuesday, October 13th.

Insider Buying and Selling at Thornburg Income Builder Opportunities Trust

In related news, insider Anne W. Kritzmire acquired 3,440 shares of the stock in a transaction dated Wednesday, August 5th. The stock was bought at an average price of $22.20 per share, with a total value of $76,368.00. Following the completion of the transaction, the insider directly owned 4,840 shares of the company’s stock, valued at approximately $107,448. The trade was a 245.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Thornburg Income Builder Opportunities Trust Company Profile

Thornburg Income Builder Opportunities Trust is a diversified closed-end management investment company traded on the Nasdaq under the symbol TBLD. The trust seeks to provide a high level of current income while also pursuing long-term capital appreciation.

TBLD invests in a mix of income-producing assets, including dividend-paying common stocks, preferred securities and fixed-income investments. Its portfolio may include securities issued by companies and organizations in the United States and other countries, providing exposure to multiple industries and geographic markets.

The trust is managed by Thornburg Investment Management, an investment adviser known for managing a range of equity, fixed-income and multi-asset strategies.