Thornburg Multi Sector Bond ETF (NASDAQ:TMB) Share Price Breaks Above Fifty Day Moving Average – Here’s What Happened

Thornburg Multi Sector Bond ETF (NASDAQ:TMB) shares passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $24.90 and traded as high as $25.09. Thornburg Multi Sector Bond ETF shares last traded at $24.97, with a volume of 116,039 shares trading hands.

Thornburg Multi Sector Bond ETF Stock Performance

The firm’s 50 day moving average is $24.90 and its two-hundred day moving average is $25.36.

Hedge Funds Weigh In On Thornburg Multi Sector Bond ETF

Institutional investors have recently made changes to their positions in the business. Peck Wealth Management LLC bought a new stake in Thornburg Multi Sector Bond ETF in the third quarter valued at $68,000. Strid Group LLC lifted its stake in Thornburg Multi Sector Bond ETF by 3.8% in the third quarter. Strid Group LLC now owns 623,762 shares of the company’s stock valued at $15,328,000 after buying an additional 22,835 shares in the last quarter. Insight Wealth Partners LLC boosted its position in Thornburg Multi Sector Bond ETF by 46.0% during the 3rd quarter. Insight Wealth Partners LLC now owns 44,802 shares of the company’s stock worth $1,101,000 after acquiring an additional 14,123 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its position in Thornburg Multi Sector Bond ETF by 59.6% during the third quarter. Onyx Bridge Wealth Group LLC now owns 1,000,858 shares of the company’s stock valued at $24,594,000 after purchasing an additional 373,885 shares during the last quarter. Finally, Clay Northam Wealth Management LLC increased its holdings in shares of Thornburg Multi Sector Bond ETF by 5.2% during the 3rd quarter. Clay Northam Wealth Management LLC now owns 70,900 shares of the company’s stock worth $1,742,000 after acquiring an additional 3,500 shares during the last quarter.

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.