D.A. Davidson & CO. Trims Stake in Thornburg Income Builder Opportunities Trust $TBLD

D.A. Davidson & CO. reduced its holdings in shares of Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) by 3.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,867 shares of the company’s stock after selling 2,246 shares during the period. D.A. Davidson & CO.’s holdings in Thornburg Income Builder Opportunities Trust were worth $1,273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TBLD. Comerica Bank increased its stake in shares of Thornburg Income Builder Opportunities Trust by 10.7% in the first quarter. Comerica Bank now owns 6,200 shares of the company’s stock worth $111,000 after purchasing an additional 600 shares in the last quarter. Silver Oak Securities Incorporated raised its position in shares of Thornburg Income Builder Opportunities Trust by 6.7% during the 1st quarter. Silver Oak Securities Incorporated now owns 11,885 shares of the company’s stock valued at $211,000 after purchasing an additional 750 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Thornburg Income Builder Opportunities Trust by 400.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,250 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares during the period. Allworth Financial LP bought a new stake in shares of Thornburg Income Builder Opportunities Trust during the 1st quarter valued at $27,000. Finally, Lokken Investment Group LLC raised its position in shares of Thornburg Income Builder Opportunities Trust by 4.4% during the 1st quarter. Lokken Investment Group LLC now owns 51,689 shares of the company’s stock valued at $927,000 after purchasing an additional 2,176 shares during the period.

Thornburg Income Builder Opportunities Trust Stock Performance

Shares of TBLD stock opened at $19.91 on Tuesday. Thornburg Income Builder Opportunities Trust has a one year low of $15.80 and a one year high of $20.55. The company’s fifty day moving average price is $20.04 and its 200-day moving average price is $19.25.

Thornburg Income Builder Opportunities Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 14th were given a dividend of $0.1042 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Tuesday, October 14th.

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.