Shaker Financial Services LLC Lowers Stake in Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD)

Shaker Financial Services LLC trimmed its position in Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) by 19.9% during the second quarter, HoldingsChannel.com reports. The firm owned 15,622 shares of the company’s stock after selling 3,878 shares during the quarter. Shaker Financial Services LLC’s holdings in Thornburg Income Builder Opportunities Trust were worth $252,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TBLD. UBS Group AG increased its position in Thornburg Income Builder Opportunities Trust by 10.1% during the 4th quarter. UBS Group AG now owns 1,292,489 shares of the company’s stock worth $20,047,000 after purchasing an additional 118,260 shares in the last quarter. Raymond James & Associates raised its stake in shares of Thornburg Income Builder Opportunities Trust by 46.3% in the 2nd quarter. Raymond James & Associates now owns 329,442 shares of the company’s stock valued at $5,314,000 after acquiring an additional 104,188 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Thornburg Income Builder Opportunities Trust by 126.1% during the 4th quarter. D.A. Davidson & CO. now owns 48,083 shares of the company’s stock valued at $746,000 after acquiring an additional 26,815 shares in the last quarter. Cape Investment Advisory Inc. purchased a new stake in Thornburg Income Builder Opportunities Trust during the 4th quarter worth $382,000. Finally, Wolverine Asset Management LLC purchased a new stake in Thornburg Income Builder Opportunities Trust during the 2nd quarter worth $333,000.

Thornburg Income Builder Opportunities Trust Price Performance

NASDAQ:TBLD opened at $17.39 on Friday. The business’s 50-day moving average is $16.58 and its two-hundred day moving average is $16.12. Thornburg Income Builder Opportunities Trust has a 12 month low of $13.44 and a 12 month high of $17.44.

Thornburg Income Builder Opportunities Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 13th will be issued a dividend of $0.1042 per share. This is an increase from Thornburg Income Builder Opportunities Trust’s previous monthly dividend of $0.10. This represents a $1.25 annualized dividend and a dividend yield of 7.19%. The ex-dividend date is Friday, September 13th.

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.