Porter White Investment Advisors Inc. Grows Stake in Dimensional Global Credit ETF $DGCB

Porter White Investment Advisors Inc. increased its holdings in Dimensional Global Credit ETF (NASDAQ:DGCB) by 104.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 18,995 shares of the company’s stock after acquiring an additional 9,726 shares during the quarter. Dimensional Global Credit ETF comprises 0.5% of Porter White Investment Advisors Inc.’s investment portfolio, making the stock its 21st biggest position. Porter White Investment Advisors Inc.’s holdings in Dimensional Global Credit ETF were worth $1,053,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. City State Bank purchased a new position in Dimensional Global Credit ETF during the third quarter worth about $55,000. Raymond James Financial Inc. bought a new stake in shares of Dimensional Global Credit ETF during the 2nd quarter valued at about $111,000. AE Wealth Management LLC purchased a new position in shares of Dimensional Global Credit ETF during the second quarter worth about $129,000. Concord Wealth Partners grew its holdings in shares of Dimensional Global Credit ETF by 142.1% during the second quarter. Concord Wealth Partners now owns 3,198 shares of the company’s stock worth $173,000 after purchasing an additional 1,877 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Dimensional Global Credit ETF in the first quarter worth approximately $201,000.

Dimensional Global Credit ETF Stock Down 0.1%

Shares of DGCB opened at $54.19 on Friday. Dimensional Global Credit ETF has a 1-year low of $51.29 and a 1-year high of $56.03. The firm’s 50 day simple moving average is $54.81 and its 200 day simple moving average is $54.81.

Dimensional Global Credit ETF Increases Dividend

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

Dimensional Global Credit ETF 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.