Financial Management Network Inc. Lowers Stake in Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD)

Financial Management Network Inc. reduced its holdings in shares of Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) by 8.8% in the third quarter, HoldingsChannel reports. The fund owned 44,011 shares of the company’s stock after selling 4,246 shares during the period. Financial Management Network Inc.’s holdings in Thornburg Income Builder Opportunities Trust were worth $770,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TBLD. SOA Wealth Advisors LLC. purchased a new position in Thornburg Income Builder Opportunities Trust during the 2nd quarter valued at about $26,000. Redmont Wealth Advisors LLC bought a new stake in Thornburg Income Builder Opportunities Trust during the 1st quarter valued at about $32,000. Prosperity Consulting Group LLC bought a new position in shares of Thornburg Income Builder Opportunities Trust in the first quarter worth approximately $162,000. Bright Futures Wealth Management LLC. bought a new position in shares of Thornburg Income Builder Opportunities Trust in the first quarter worth approximately $186,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Thornburg Income Builder Opportunities Trust in the first quarter worth approximately $200,000.

Thornburg Income Builder Opportunities Trust Trading Up 1.2 %

Shares of NASDAQ TBLD traded up $0.20 during midday trading on Friday, hitting $17.35. The stock had a trading volume of 7,936 shares, compared to its average volume of 82,397. The business’s 50 day moving average is $17.30 and its 200-day moving average is $16.48. Thornburg Income Builder Opportunities Trust has a 52 week low of $13.44 and a 52 week high of $17.89.

Thornburg Income Builder Opportunities Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 11th were paid a $0.104 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.25 annualized dividend and a dividend yield of 7.19%.

Thornburg Income Builder Opportunities Trust Profile

The Trust is a global, multi-asset, actively managed portfolio that seeks to generate an attractive income stream by providing investors differentiated access to a dynamic blend of income generating investments. Thornburg believes that markets are inefficient with respect to the assessment of risk and reward due to the siloed nature of multi-asset analysis.