NewEdge Advisors LLC Purchases New Stake in AB Core Plus Bond ETF (NASDAQ:CPLS)

NewEdge Advisors LLC purchased a new position in shares of AB Core Plus Bond ETF (NASDAQ:CPLS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 103,374 shares of the company’s stock, valued at approximately $3,600,000. NewEdge Advisors LLC owned 7.95% of AB Core Plus Bond ETF at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CPLS. Alliancebernstein L.P. boosted its position in AB Core Plus Bond ETF by 3.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,071,124 shares of the company’s stock valued at $37,307,000 after buying an additional 39,153 shares during the last quarter. Jane Street Group LLC purchased a new stake in AB Core Plus Bond ETF during the 3rd quarter worth approximately $1,030,000. Finally, Wagner Wealth Management LLC boosted its stake in shares of AB Core Plus Bond ETF by 0.4% during the 4th quarter. Wagner Wealth Management LLC now owns 383,154 shares of the company’s stock valued at $13,345,000 after buying an additional 1,580 shares during the last quarter.

AB Core Plus Bond ETF Price Performance

Shares of CPLS stock opened at $34.89 on Monday. The firm has a fifty day moving average of $35.14 and a two-hundred day moving average of $35.21. AB Core Plus Bond ETF has a 1-year low of $34.22 and a 1-year high of $36.69.

AB Core Plus Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.1443 per share. This represents a $1.73 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend was Tuesday, April 1st. This is an increase from AB Core Plus Bond ETF’s previous monthly dividend of $0.13.

AB Core Plus Bond ETF Company 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.