Dakota Wealth Management Makes New Investment in Thornburg Income Builder Opportunities Trust $TBLD

Dakota Wealth Management bought a new stake in Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 49,748 shares of the company’s stock, valued at approximately $1,000,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TBLD. DKM Wealth Management Inc. increased its holdings in shares of Thornburg Income Builder Opportunities Trust by 1.3% in the 4th quarter. DKM Wealth Management Inc. now owns 952,992 shares of the company’s stock valued at $19,155,000 after purchasing an additional 11,919 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Thornburg Income Builder Opportunities Trust by 28.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 154,775 shares of the company’s stock valued at $3,132,000 after buying an additional 34,372 shares in the last quarter. PMG Family Office LLC purchased a new position in Thornburg Income Builder Opportunities Trust in the third quarter valued at about $946,000. NewEdge Advisors LLC increased its holdings in Thornburg Income Builder Opportunities Trust by 5.5% in the third quarter. NewEdge Advisors LLC now owns 17,153 shares of the company’s stock valued at $341,000 after buying an additional 900 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Thornburg Income Builder Opportunities Trust by 120.2% during the 3rd quarter. Bank of America Corp DE now owns 13,452 shares of the company’s stock valued at $268,000 after acquiring an additional 7,343 shares during the period.

Thornburg Income Builder Opportunities Trust Price Performance

Shares of NASDAQ:TBLD opened at $20.84 on Monday. The business’s 50 day simple moving average is $21.53 and its 200-day simple moving average is $20.57. Thornburg Income Builder Opportunities Trust has a 12 month low of $15.94 and a 12 month high of $23.02.

Thornburg Income Builder Opportunities Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 20th. Investors of record on Thursday, March 12th were issued a dividend of $0.1042 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a c) annualized dividend and a yield of 6.0%.

Thornburg Income Builder Opportunities Trust Company Profile

Thornburg Income Builder Opportunities Trust (NASDAQ: TBLD) is a closed-end management investment company that seeks to provide a high level of total return, with an emphasis on current income and the potential for capital appreciation. Listed on the NASDAQ, the Trust offers investors access to a managed portfolio that combines income-generating securities with opportunistic equity and convertible instruments. By blending diverse asset types, the Trust aims to balance yield objectives with capital growth prospects over a full market cycle.

The Trust’s investment approach centers on assembling a diversified mix of high-yield bonds, preferred securities, convertible debt and common stocks across U.S.