Thornburg Core Plus Bond ETF (NASDAQ:TPLS) Stock Jumps 0.3% – Still a Buy?

Thornburg Core Plus Bond ETF (NASDAQ:TPLS) shot up 0.3% during trading on Tuesday. The company traded as high as $24.29 and last traded at $24.2410. 1,398 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 7,474 shares. The stock had previously closed at $24.18.

Thornburg Core Plus Bond ETF Stock Up 0.7%

The stock has a fifty day moving average of $24.42 and a 200 day moving average of $24.85.

Thornburg Core Plus Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.0883 per share. The ex-dividend date was Tuesday, September 29th. This is a decrease from Thornburg Core Plus Bond ETF’s previous monthly dividend of $0.0942. This represents a $1.06 annualized dividend and a dividend yield of 4.3%.

Hedge Funds Weigh In On Thornburg Core Plus Bond ETF

An institutional investor recently raised its stake in Thornburg Core Plus Bond ETF stock. Integrity Wealth Solutions LLC boosted its stake in shares of Thornburg Core Plus Bond ETF (NASDAQ:TPLS) by 30.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,903 shares of the company’s stock after acquiring an additional 3,726 shares during the period. Integrity Wealth Solutions LLC owned 1.99% of Thornburg Core Plus Bond ETF worth $401,000 at the end of the most recent quarter.

About Thornburg Core Plus Bond ETF

The Thornburg Core Plus Bond ETF (TPLS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns through investments in the broad US fixed-income market. Securities can be of any credit quality and maturity. TPLS was launched on Feb 5, 2025 and is issued by Thornburg.