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

Thornburg Multi Sector Bond ETF (NASDAQ:TMB)’s share price was down 0% during trading on Wednesday . The stock traded as low as $25.66 and last traded at $25.68. Approximately 11,298 shares were traded during 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 Down 0.0%

The business’s 50 day moving average price is $25.68 and its two-hundred day moving average price is $25.64.

Thornburg Multi Sector Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. bought a new stake in Thornburg Multi Sector Bond ETF in the second quarter worth about $413,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Thornburg Multi Sector Bond ETF in the 2nd quarter worth approximately $322,000. Strid Group LLC acquired a new position in shares of Thornburg Multi Sector Bond ETF in the 3rd quarter worth approximately $14,685,000. Heritage Oak Wealth Advisors LLC raised its holdings in shares of Thornburg Multi Sector Bond ETF by 236.5% in the 3rd 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 stake in Thornburg Multi Sector Bond ETF during the second quarter valued at approximately $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.