AB Core Plus Bond ETF (NASDAQ:CPLS) Shares Down 0.1% – Here’s What Happened

AB Core Plus Bond ETF (NASDAQ:CPLS)’s stock price traded down 0.1% during trading on Tuesday . The company traded as low as $35.61 and last traded at $35.63. 13,049 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 19,632 shares. The stock had previously closed at $35.65.

AB Core Plus Bond ETF Stock Down 0.1%

The business’s fifty day moving average price is $35.90 and its two-hundred day moving average price is $35.57.

AB Core Plus Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were given a dividend of $0.1302 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 4.4%. This is an increase from AB Core Plus Bond ETF’s previous monthly dividend of $0.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CPLS. Raymond James Financial Inc. purchased a new stake in shares of AB Core Plus Bond ETF in the first quarter valued at $6,896,000. Alliancebernstein L.P. grew its holdings in 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 valued at $34,383,000 after purchasing an additional 120,495 shares during the last quarter. Royal Bank of Canada purchased a new stake in AB Core Plus Bond ETF in the 1st quarter worth about $2,608,000. Envestnet Asset Management Inc. lifted its stake in AB Core Plus Bond ETF by 119.2% in the third quarter. Envestnet Asset Management Inc. now owns 134,057 shares of the company’s stock worth $4,813,000 after purchasing an additional 72,906 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in AB Core Plus Bond ETF in the third quarter worth about $1,899,000.

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.