Dimensional Global Credit ETF (NASDAQ:DGCB) Sees Unusually-High Trading Volume – What’s Next?

Shares of Dimensional Global Credit ETF (NASDAQ:DGCB) saw strong trading volume on Thursday . 109,100 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 94,426 shares.The stock last traded at $53.22 and had previously closed at $53.08.

Dimensional Global Credit ETF Stock Performance

The firm has a 50-day moving average of $52.91 and a 200-day moving average of $53.64.

Dimensional Global Credit ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 24th. Shareholders of record on Wednesday, January 22nd were issued a dividend of $0.0078 per share. The ex-dividend date was Wednesday, January 22nd.

Hedge Funds Weigh In On Dimensional Global Credit ETF

Hedge funds have recently modified their holdings of the stock. Vestmark Advisory Solutions Inc. increased its holdings in Dimensional Global Credit ETF by 5.9% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,232,828 shares of the company’s stock valued at $64,847,000 after acquiring an additional 68,659 shares during the last quarter. DiNuzzo Private Wealth Inc. grew its position in shares of Dimensional Global Credit ETF by 2.9% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 329,055 shares of the company’s stock valued at $17,308,000 after purchasing an additional 9,227 shares in the last quarter. Dravo Bay LLC increased its holdings in shares of Dimensional Global Credit ETF by 5.3% in the fourth quarter. Dravo Bay LLC now owns 200,106 shares of the company’s stock worth $10,526,000 after purchasing an additional 9,985 shares during the last quarter. Mattern Wealth Management LLC lifted its position in shares of Dimensional Global Credit ETF by 135.9% in the third quarter. Mattern Wealth Management LLC now owns 180,784 shares of the company’s stock worth $9,914,000 after buying an additional 104,158 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in Dimensional Global Credit ETF by 53.8% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 132,836 shares of the company’s stock valued at $6,987,000 after buying an additional 46,494 shares during 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.