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

AB Core Plus Bond ETF (NASDAQ:CPLS) declared a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 1st will be paid a dividend of 0.1321 per share on Tuesday, April 7th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date 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 Stock Performance

NASDAQ:CPLS traded down $0.14 during trading hours on Wednesday, reaching $35.13. 7,543 shares of the company were exchanged, compared to its average volume of 29,491. AB Core Plus Bond ETF has a twelve month low of $34.22 and a twelve month high of $36.29. The stock’s 50-day moving average is $35.56 and its 200-day moving average is $35.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada acquired a new stake in AB Core Plus Bond ETF in the 1st quarter worth about $2,608,000. Goldman Sachs Group Inc. acquired a new position in shares of AB Core Plus Bond ETF during the first quarter valued at approximately $1,073,000. Jane Street Group LLC purchased a new position in shares of AB Core Plus Bond ETF in the first quarter valued at approximately $1,445,000. NewEdge Advisors LLC lifted its position in shares of AB Core Plus Bond ETF by 15.3% in the second quarter. NewEdge Advisors LLC now owns 130,920 shares of the company’s stock valued at $4,646,000 after acquiring an additional 17,409 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of AB Core Plus Bond ETF by 14.2% in the second quarter. Alliancebernstein L.P. now owns 968,920 shares of the company’s stock worth $34,383,000 after acquiring an additional 120,495 shares during 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.