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

Shaker Financial Services LLC bought a new position in shares of Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 213,332 shares of the company’s stock, valued at approximately $4,335,000. Thornburg Income Builder Opportunities Trust comprises approximately 1.4% of Shaker Financial Services LLC’s portfolio, making the stock its 18th largest position.

A number of other large investors have also recently added to or reduced their stakes in the company. DKM Wealth Management Inc. raised its holdings in shares of Thornburg Income Builder Opportunities Trust by 1.6% in the 3rd quarter. DKM Wealth Management Inc. now owns 973,499 shares of the company’s stock valued at $19,782,000 after purchasing an additional 15,726 shares during the period. Kera Capital Partners Inc. lifted its stake in Thornburg Income Builder Opportunities Trust by 4.2% in the 1st quarter. Kera Capital Partners Inc. now owns 453,342 shares of the company’s stock valued at $9,586,000 after purchasing an additional 18,441 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Thornburg Income Builder Opportunities Trust by 11.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 157,334 shares of the company’s stock worth $3,162,000 after purchasing an additional 15,912 shares during the period. Sanctuary Advisors LLC bought a new position in Thornburg Income Builder Opportunities Trust during the second quarter worth about $3,078,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in Thornburg Income Builder Opportunities Trust by 2.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 104,913 shares of the company’s stock worth $2,315,000 after purchasing an additional 2,563 shares during the period.

Thornburg Income Builder Opportunities Trust Price Performance

NASDAQ TBLD traded down $0.08 during trading on Wednesday, reaching $20.12. 33,415 shares of the company’s stock were exchanged, compared to its average volume of 60,945. The business has a 50 day moving average price of $21.43 and a 200-day moving average price of $21.74. Thornburg Income Builder Opportunities Trust has a fifty-two week low of $19.48 and a fifty-two week high of $23.02.

Thornburg Income Builder Opportunities Trust Dividend Announcement

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

Insider Transactions at Thornburg Income Builder Opportunities Trust

In related news, insider Anne W. Kritzmire acquired 3,440 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were purchased at an average cost of $22.20 per share, for a total transaction of $76,368.00. Following the completion of the acquisition, the insider directly owned 4,840 shares in the company, valued at approximately $107,448. This trade represents a 245.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Thornburg Income Builder Opportunities Trust 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.