Cape Investment Advisory Inc. Purchases New Shares in Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD)

Cape Investment Advisory Inc. acquired a new position in shares of Thornburg Income Builder Opportunities Trust (NASDAQ:TBLDFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 24,627 shares of the company’s stock, valued at approximately $382,000.

Other hedge funds have also recently bought and sold shares of the company. Hunter Associates Investment Management LLC purchased a new position in Thornburg Income Builder Opportunities Trust in the fourth quarter worth $242,000. D.A. Davidson & CO. boosted its holdings in shares of Thornburg Income Builder Opportunities Trust by 48.0% in the 3rd quarter. D.A. Davidson & CO. now owns 21,268 shares of the company’s stock worth $311,000 after buying an additional 6,899 shares during the last quarter. Wolverine Asset Management LLC grew its position in Thornburg Income Builder Opportunities Trust by 15.1% during the third quarter. Wolverine Asset Management LLC now owns 21,957 shares of the company’s stock valued at $321,000 after buying an additional 2,873 shares during the period. Commonwealth Equity Services LLC grew its position in Thornburg Income Builder Opportunities Trust by 49.0% during the third quarter. Commonwealth Equity Services LLC now owns 24,060 shares of the company’s stock valued at $351,000 after buying an additional 7,910 shares during the period. Finally, Kayne Anderson Capital Advisors LP purchased a new stake in Thornburg Income Builder Opportunities Trust during the fourth quarter worth about $358,000.

Thornburg Income Builder Opportunities Trust Stock Performance

TBLD stock traded up $0.16 during mid-day trading on Friday, hitting $15.98. The company had a trading volume of 48,109 shares, compared to its average volume of 93,684. Thornburg Income Builder Opportunities Trust has a 12 month low of $13.44 and a 12 month high of $16.71. The stock’s fifty day moving average price is $15.80 and its two-hundred day moving average price is $15.61.

Thornburg Income Builder Opportunities Trust Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were issued a $0.104 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.81%.

Insider Activity at Thornburg Income Builder Opportunities Trust

In other news, insider Brian W. Wixted purchased 1,620 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were purchased at an average price of $15.50 per share, with a total value of $25,110.00. Following the transaction, the insider now directly owns 1,620 shares of the company’s stock, valued at $25,110. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Thornburg Income Builder Opportunities Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD)

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