Thornburg Multi Sector Bond ETF (NASDAQ:TMB) Stock Price Down 0% – Here’s Why

Shares of Thornburg Multi Sector Bond ETF (NASDAQ:TMB) dropped 0% during trading on Wednesday . The company traded as low as $25.66 and last traded at $25.68. Approximately 11,298 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 19,861 shares. The stock had previously closed at $25.69.

Thornburg Multi Sector Bond ETF Stock Performance

The firm has a 50 day moving average price of $25.68 and a two-hundred day moving average price of $25.64.

Thornburg Multi Sector Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.175 per share. The ex-dividend date was Tuesday, December 30th. This represents a c) annualized dividend and a yield of 8.2%. This is a boost from Thornburg Multi Sector Bond ETF’s previous monthly dividend of $0.10.

Hedge Funds Weigh In On Thornburg Multi Sector Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in TMB. Envestnet Portfolio Solutions Inc. bought a new position in Thornburg Multi Sector Bond ETF during the 2nd quarter valued at $413,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Thornburg Multi Sector Bond ETF in the 2nd quarter valued at about $322,000. Strid Group LLC bought a new position in shares of Thornburg Multi Sector Bond ETF during the third quarter worth about $14,685,000. Heritage Oak Wealth Advisors LLC grew its stake in Thornburg Multi Sector Bond ETF by 236.5% in the third quarter. Heritage Oak Wealth Advisors LLC now owns 155,236 shares of the company’s stock worth $3,980,000 after purchasing an additional 109,099 shares in the last quarter. Finally, D.B. Root & Company LLC acquired a new position in Thornburg Multi Sector Bond ETF in the second quarter worth about $235,000.

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.