Valley Wealth Managers Inc. Makes New Investment in AB Core Plus Bond ETF $CPLS

Valley Wealth Managers Inc. bought a new position in AB Core Plus Bond ETF (NASDAQ:CPLS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 105,172 shares of the company’s stock, valued at approximately $3,513,000. Valley Wealth Managers Inc. owned approximately 1.78% of AB Core Plus Bond ETF at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of AB Core Plus Bond ETF by 3.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 152,302 shares of the company’s stock worth $5,354,000 after purchasing an additional 4,388 shares during the last quarter. Royal Bank of Canada grew its position in AB Core Plus Bond ETF by 3.4% during the 1st quarter. Royal Bank of Canada now owns 119,771 shares of the company’s stock valued at $4,224,000 after purchasing an additional 3,957 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its stake in AB Core Plus Bond ETF by 8.2% during the 1st quarter. Kestra Advisory Services LLC now owns 48,322 shares of the company’s stock valued at $1,704,000 after purchasing an additional 3,656 shares in the last quarter.

AB Core Plus Bond ETF Trading Down 0.0%

Shares of NASDAQ CPLS opened at $33.41 on Friday. The firm’s 50 day moving average price is $34.17 and its 200-day moving average price is $34.76. AB Core Plus Bond ETF has a 52-week low of $33.21 and a 52-week high of $36.29.

AB Core Plus Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1290 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Thursday, October 1st. This is a decrease from AB Core Plus Bond ETF’s previous monthly dividend of $0.1325.

AB Core Plus Bond ETF Profile

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.