AB Core Plus Bond ETF (NASDAQ:CPLS) to Issue $0.13 Monthly Dividend

AB Core Plus Bond ETF (NASDAQ:CPLS) declared a monthly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.1283 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, July 1st.

AB Core Plus Bond ETF Stock Down 0.5%

Shares of CPLS traded down $0.16 during mid-day trading on Wednesday, reaching $34.99. 8,075 shares of the stock traded hands, compared to its average volume of 21,615. The firm has a fifty day moving average price of $35.15 and a 200 day moving average price of $35.42. AB Core Plus Bond ETF has a 1 year low of $34.67 and a 1 year high of $36.29.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its holdings in shares of AB Core Plus Bond ETF by 14.2% during the 2nd 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. Goldman Sachs Group Inc. grew its position in AB Core Plus Bond ETF by 274.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 145,092 shares of the company’s stock worth $5,157,000 after acquiring an additional 106,329 shares in the last quarter. Royal Bank of Canada bought a new position in AB Core Plus Bond ETF in the first quarter valued at $2,608,000. JPMorgan Chase & Co. bought a new position in AB Core Plus Bond ETF in the third quarter valued at $1,899,000. Finally, LPL Financial LLC raised its position in AB Core Plus Bond ETF by 3.8% during the fourth quarter. LPL Financial LLC now owns 1,299,397 shares of the company’s stock valued at $46,181,000 after purchasing an additional 47,674 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.