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

Shares of Dimensional Global Credit ETF (NASDAQ:DGCB) saw unusually-high trading volume on Friday . Approximately 52,922 shares were traded during trading, a decline of 17% from the previous session’s volume of 63,851 shares.The stock last traded at $54.24 and had previously closed at $54.38.

Dimensional Global Credit ETF Price Performance

The stock’s 50-day simple moving average is $54.84 and its two-hundred day simple moving average is $54.80.

Dimensional Global Credit ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, December 16th were given a $0.7043 dividend. The ex-dividend date was Tuesday, December 16th. This is a positive change from Dimensional Global Credit ETF’s previous monthly dividend of $0.32. This represents a c) annualized dividend and a dividend yield of 15.6%.

Institutional Trading of Dimensional Global Credit ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vestmark Advisory Solutions Inc. boosted its stake in Dimensional Global Credit ETF by 125.0% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 2,741,234 shares of the company’s stock worth $148,657,000 after purchasing an additional 1,522,658 shares during the period. Integrity Advisory Solutions LLC purchased a new position in shares of Dimensional Global Credit ETF in the third quarter worth $47,992,000. Bank of America Corp DE boosted its position in shares of Dimensional Global Credit ETF by 4.0% during the third quarter. Bank of America Corp DE now owns 807,902 shares of the company’s stock worth $44,798,000 after acquiring an additional 31,097 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Dimensional Global Credit ETF by 13.7% during the third quarter. Envestnet Asset Management Inc. now owns 673,316 shares of the company’s stock worth $37,335,000 after acquiring an additional 81,172 shares during the last quarter. Finally, Integrity Alliance LLC. grew its stake in Dimensional Global Credit ETF by 10.0% during the second quarter. Integrity Alliance LLC. now owns 522,447 shares of the company’s stock valued at $28,332,000 after acquiring an additional 47,367 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.