Thornburg Multi Sector Bond ETF (NASDAQ:TMB) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Thornburg Multi Sector Bond ETF (NASDAQ:TMB) crossed 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.

Thornburg Multi Sector Bond ETF Price Performance

The company has a 50-day simple moving average of $24.90 and a 200-day simple moving average of $25.36.

Hedge Funds Weigh In On Thornburg Multi Sector Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in TMB. Spartan Wealth Advisory Services LLC purchased a new position in shares of Thornburg Multi Sector Bond ETF in the 1st quarter valued at about $9,601,000. Onyx Bridge Wealth Group LLC lifted its stake in shares of Thornburg Multi Sector Bond ETF by 59.6% in 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 period. Flynn Zito Capital Management LLC purchased a new stake in Thornburg Multi Sector Bond ETF during the first quarter worth about $4,243,000. Insight Wealth Partners LLC purchased a new stake in Thornburg Multi Sector Bond ETF during the second quarter worth about $778,000. Finally, Strid Group LLC boosted its holdings in Thornburg Multi Sector Bond ETF by 3.8% during the third quarter. Strid Group LLC now owns 623,762 shares of the company’s stock worth $15,328,000 after buying an additional 22,835 shares in the last quarter.

Thornburg Multi Sector Bond ETF Company Profile

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.