Dimensional Global Credit ETF (NASDAQ:DGCB) Reaches New 1-Year High – Should You Buy?

Dimensional Global Credit ETF (NASDAQ:DGCB) shares reached a new 52-week high during trading on Monday . The stock traded as high as $56.90 and last traded at $56.7050, with a volume of 350 shares. The stock had previously closed at $55.18.

Dimensional Global Credit ETF Price Performance

The business has a 50-day simple moving average of $54.55 and a 200-day simple moving average of $54.94.

Dimensional Global Credit ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 16th were issued a $0.7043 dividend. This represents a c) annualized dividend and a yield of 15.3%. This is a positive change from Dimensional Global Credit ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Investors Weigh In On Dimensional Global Credit ETF

A number of large investors have recently modified their holdings of DGCB. Vestmark Advisory Solutions Inc. lifted its position in shares of Dimensional Global Credit ETF by 125.0% during 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 last quarter. Integrity Advisory Solutions LLC raised its stake in Dimensional Global Credit ETF by 16.8% in the fourth quarter. Integrity Advisory Solutions LLC now owns 1,010,567 shares of the company’s stock valued at $54,811,000 after buying an additional 145,062 shares in the last quarter. Bank of America Corp DE raised its stake in Dimensional Global Credit ETF by 4.0% in the third quarter. Bank of America Corp DE now owns 807,902 shares of the company’s stock valued at $44,798,000 after buying an additional 31,097 shares in the last quarter. Integrity Alliance LLC. lifted its holdings in Dimensional Global Credit ETF by 34.6% during the 4th quarter. Integrity Alliance LLC. now owns 785,250 shares of the company’s stock worth $42,590,000 after buying an additional 201,801 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Dimensional Global Credit ETF by 13.7% during the 3rd 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 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.