AB Core Plus Bond ETF (NASDAQ:CPLS) Increases Dividend to $0.20 Per Share

AB Core Plus Bond ETF (NASDAQ:CPLS) declared a monthly dividend on Tuesday, December 30th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.2015 per share on Monday, January 5th. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Wednesday, December 31st. This is a 53.6% increase from AB Core Plus Bond ETF’s previous monthly dividend of $0.13.

AB Core Plus Bond ETF Stock Performance

Shares of NASDAQ CPLS traded down $0.28 during midday trading on Wednesday, hitting $35.54. The stock had a trading volume of 54,445 shares, compared to its average volume of 19,867. AB Core Plus Bond ETF has a 1-year low of $34.22 and a 1-year high of $36.29. The company has a fifty day moving average price of $35.83 and a 200 day moving average price of $35.65.

Institutional Investors Weigh In On AB Core Plus Bond ETF

Institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC grew its holdings in shares of AB Core Plus Bond ETF by 274.3% during the third quarter. Global Retirement Partners LLC now owns 992 shares of the company’s stock worth $36,000 after purchasing an additional 727 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of AB Core Plus Bond ETF by 18.4% in the 3rd quarter. Raymond James Financial Inc. now owns 8,242 shares of the company’s stock valued at $296,000 after acquiring an additional 1,281 shares during the period. Goldman Sachs Group Inc. acquired a new stake in AB Core Plus Bond ETF during the 1st quarter worth $1,073,000. Jane Street Group LLC acquired a new stake in shares of AB Core Plus Bond ETF during the first quarter worth about $1,445,000. Finally, Valley Wealth Managers Inc. lifted its stake in AB Core Plus Bond ETF by 3.6% in the third quarter. Valley Wealth Managers Inc. now owns 40,783 shares of the company’s stock valued at $1,464,000 after buying an additional 1,405 shares in the last quarter.

About AB Core Plus Bond ETF

The AB Core Plus Bond ETF (CPLS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in USD-denominated corporate and government debt securities of any maturity and credit quality. CPLS was launched on Dec 13, 2023 and is issued by AB Funds.