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

Valley Wealth Managers Inc. acquired a new stake in shares of AB Core Plus Bond ETF (NASDAQ:CPLS) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 105,172 shares of the company’s stock, valued at approximately $3,513,000.

Several other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. increased its holdings in 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 buying an additional 4,388 shares in the last quarter. Royal Bank of Canada lifted its stake 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 acquiring an additional 3,957 shares during the period. Finally, Kestra Advisory Services LLC lifted 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 acquiring an additional 3,656 shares during the period.

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

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.