Insider Buying: Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) Insider Acquires 3,440 Shares of Stock

Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) insider Anne Kritzmire purchased 3,440 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was acquired at an average price of $22.20 per share, for a total transaction of $76,368.00. Following the purchase, the insider owned 4,840 shares in the company, valued at approximately $107,448. The trade was a 245.71% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Thornburg Income Builder Opportunities Trust Price Performance

Shares of TBLD stock traded up $0.34 on Wednesday, hitting $22.36. 34,282 shares of the company’s stock were exchanged, compared to its average volume of 58,754. The company has a 50 day moving average of $21.96 and a 200 day moving average of $21.89. Thornburg Income Builder Opportunities Trust has a 12 month low of $19.48 and a 12 month high of $23.02.

Thornburg Income Builder Opportunities Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 13th will be paid a $0.1042 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a yield of 5.6%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TBLD. Invesco Ltd. boosted its stake in shares of Thornburg Income Builder Opportunities Trust by 0.8% during the fourth quarter. Invesco Ltd. now owns 67,054 shares of the company’s stock worth $1,348,000 after buying an additional 552 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of Thornburg Income Builder Opportunities Trust by 0.7% in the fourth quarter. Kestra Advisory Services LLC now owns 91,398 shares of the company’s stock valued at $1,837,000 after buying an additional 599 shares in the last quarter. Comerica Bank grew its holdings in Thornburg Income Builder Opportunities Trust by 2.5% during the fourth quarter. Comerica Bank now owns 24,200 shares of the company’s stock worth $486,000 after acquiring an additional 600 shares during the period. Steward Partners Investment Advisory LLC raised its position in Thornburg Income Builder Opportunities Trust by 3.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 22,250 shares of the company’s stock worth $447,000 after acquiring an additional 790 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Thornburg Income Builder Opportunities Trust by 5.5% during the 3rd quarter. NewEdge Advisors LLC now owns 17,153 shares of the company’s stock worth $341,000 after purchasing an additional 900 shares in the last quarter.

Thornburg Income Builder Opportunities Trust Company Profile

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.