Dimensional Global Credit ETF (NASDAQ:DGCB) Sees Large Volume Increase – Time to Buy?

Dimensional Global Credit ETF (NASDAQ:DGCB) shares saw strong trading volume on Tuesday . 351,129 shares traded hands during mid-day trading, an increase of 457% from the previous session’s volume of 63,093 shares.The stock last traded at $54.78 and had previously closed at $54.81.

Dimensional Global Credit ETF Stock Down 0.1%

The firm has a 50 day moving average of $55.29 and a two-hundred day moving average of $54.68.

Dimensional Global Credit ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, November 20th. Stockholders of record on Tuesday, November 18th were given a $0.3182 dividend. The ex-dividend date was Tuesday, November 18th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

Institutional Investors Weigh In On Dimensional Global Credit ETF

A number of large investors have recently added to or reduced their stakes in DGCB. City State Bank acquired a new position in Dimensional Global Credit ETF during the third quarter worth about $55,000. Washington Trust Advisors Inc. purchased a new position in shares of Dimensional Global Credit ETF during the 3rd quarter worth approximately $74,000. Raymond James Financial Inc. purchased a new position in shares of Dimensional Global Credit ETF during the 2nd quarter worth approximately $111,000. AE Wealth Management LLC acquired a new position in shares of Dimensional Global Credit ETF during the 2nd quarter worth approximately $129,000. Finally, Concord Wealth Partners lifted its stake in Dimensional Global Credit ETF by 142.1% in the 2nd quarter. Concord Wealth Partners now owns 3,198 shares of the company’s stock valued at $173,000 after buying an additional 1,877 shares in the last quarter.

Dimensional Global Credit ETF Company Profile

The Dimensional Global Credit ETF (DGCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of debt securities of any credit quality that are maturing within 20 years. The fund aims to maximize total returns, while optimizing overall gains DGCB was launched on Nov 7, 2023 and is issued by Dimensional.