Thornburg Multi Sector Bond ETF (NASDAQ:TMB) Raises Dividend to $0.17 Per Share

Thornburg Multi Sector Bond ETF (NASDAQ:TMB) declared a monthly dividend on Monday, December 29th, NASDAQ Dividends reports. Stockholders of record on Tuesday, December 30th will be paid a dividend of 0.175 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Tuesday, December 30th. This is a 70.7% increase from Thornburg Multi Sector Bond ETF’s previous monthly dividend of $0.10.

Thornburg Multi Sector Bond ETF Price Performance

TMB stock traded down $0.19 during midday trading on Tuesday, reaching $25.58. The company’s stock had a trading volume of 3,505 shares, compared to its average volume of 21,642. The business’s 50-day simple moving average is $25.71 and its 200-day simple moving average is $25.60. Thornburg Multi Sector Bond ETF has a 52 week low of $24.82 and a 52 week high of $25.97.

Hedge Funds Weigh In On Thornburg Multi Sector Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Strid Group LLC acquired a new position in shares of Thornburg Multi Sector Bond ETF in the third quarter valued at $14,685,000. D.B. Root & Company LLC lifted its position in shares of Thornburg Multi Sector Bond ETF by 1,263.1% during the 3rd quarter. D.B. Root & Company LLC now owns 126,060 shares of the company’s stock valued at $3,232,000 after acquiring an additional 116,812 shares during the period. Heritage Oak Wealth Advisors LLC increased its holdings in Thornburg Multi Sector Bond ETF by 236.5% in the 3rd quarter. Heritage Oak Wealth Advisors LLC now owns 155,236 shares of the company’s stock valued at $3,980,000 after buying an additional 109,099 shares during the period. PFG Private Wealth Management LLC bought a new stake in Thornburg Multi Sector Bond ETF during the third quarter worth $1,737,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Thornburg Multi Sector Bond ETF during the 2nd quarter worth $1,140,000.

About Thornburg Multi Sector Bond ETF

The Thornburg Multi Sector Bond ETF (TMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns b through investments in the broad fixed-income market. Securities may be of any credit quality and maturity from around the globe TMB was launched on Feb 5, 2025 and is issued by Thornburg.