Redmont Wealth Advisors LLC Buys Shares of 1,951 Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD)

Redmont Wealth Advisors LLC bought a new stake in Thornburg Income Builder Opportunities Trust (NASDAQ:TBLD) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,951 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TBLD. Stifel Financial Corp lifted its position in shares of Thornburg Income Builder Opportunities Trust by 4.7% in the 3rd quarter. Stifel Financial Corp now owns 209,273 shares of the company’s stock worth $3,055,000 after acquiring an additional 9,395 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Thornburg Income Builder Opportunities Trust by 23.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 532,052 shares of the company’s stock worth $7,768,000 after acquiring an additional 102,634 shares during the period. 1607 Capital Partners LLC lifted its position in shares of Thornburg Income Builder Opportunities Trust by 11.5% in the 3rd quarter. 1607 Capital Partners LLC now owns 256,012 shares of the company’s stock worth $3,738,000 after acquiring an additional 26,507 shares during the period. Raymond James & Associates lifted its position in shares of Thornburg Income Builder Opportunities Trust by 11.0% during the 4th quarter. Raymond James & Associates now owns 220,108 shares of the company’s stock worth $3,414,000 after buying an additional 21,833 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Thornburg Income Builder Opportunities Trust during the 4th quarter worth approximately $840,000.

Insider Buying and Selling at Thornburg Income Builder Opportunities Trust

In related news, insider Brian W. Wixted purchased 1,620 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were bought at an average price of $15.50 per share, with a total value of $25,110.00. Following the purchase, the insider now directly owns 1,620 shares in the company, valued at approximately $25,110. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Thornburg Income Builder Opportunities Trust Price Performance

Shares of Thornburg Income Builder Opportunities Trust stock traded up $0.12 during midday trading on Wednesday, hitting $16.35. 46,601 shares of the company were exchanged, compared to its average volume of 88,678. Thornburg Income Builder Opportunities Trust has a 52 week low of $13.44 and a 52 week high of $16.71. The firm has a 50 day simple moving average of $15.91 and a 200-day simple moving average of $15.81.

Thornburg Income Builder Opportunities Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, July 11th will be given a $0.1042 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.25 annualized dividend and a yield of 7.65%.

About Thornburg Income Builder Opportunities Trust

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.