AB Core Plus Bond ETF (NASDAQ:CPLS) Plans Dividend Increase – $0.13 Per Share

AB Core Plus Bond ETF (NASDAQ:CPLS) announced a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 1st will be given a dividend of 0.1321 per share on Tuesday, April 7th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a 3.7% increase from AB Core Plus Bond ETF’s previous monthly dividend of $0.13.

AB Core Plus Bond ETF Trading Down 0.4%

Shares of CPLS traded down $0.14 during mid-day trading on Wednesday, reaching $35.13. 7,543 shares of the company’s stock were exchanged, compared to its average volume of 29,491. AB Core Plus Bond ETF has a 52-week low of $34.22 and a 52-week high of $36.29. The company has a 50-day simple moving average of $35.56 and a two-hundred day simple moving average of $35.73.

Hedge Funds Weigh In On AB Core Plus Bond ETF

A number of institutional investors have recently made changes to their positions in CPLS. Global Retirement Partners LLC boosted its stake 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 valued at $36,000 after acquiring an additional 727 shares during the last quarter. Cresta Advisors Ltd. purchased a new position in AB Core Plus Bond ETF in the 4th quarter valued at about $153,000. Raymond James Financial Inc. boosted its stake in shares of AB Core Plus Bond ETF by 18.4% during the 3rd quarter. Raymond James Financial Inc. now owns 8,242 shares of the company’s stock worth $296,000 after purchasing an additional 1,281 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of AB Core Plus Bond ETF during the 1st quarter worth about $1,073,000. Finally, Osaic Holdings Inc. grew its holdings in shares of AB Core Plus Bond ETF by 92.8% during the fourth quarter. Osaic Holdings Inc. now owns 32,815 shares of the company’s stock worth $1,166,000 after buying an additional 15,794 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.