Dimensional Global Credit ETF (NASDAQ:DGCB) Reaches New 12-Month Low – Here’s Why

Dimensional Global Credit ETF (NASDAQ:DGCB)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $53.35 and last traded at $53.35, with a volume of 1759 shares traded. The stock had previously closed at $54.11.

Dimensional Global Credit ETF Stock Down 1.3%

The firm’s fifty day moving average price is $54.55 and its 200-day moving average price is $54.55.

Dimensional Global Credit ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 23rd were given a $0.4092 dividend. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date was Tuesday, June 23rd.

Hedge Funds Weigh In On Dimensional Global Credit ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tencap Wealth Coaching LLC acquired a new stake in Dimensional Global Credit ETF in the 4th quarter valued at about $23,464,000. AA Financial Advisors LLC bought a new position in shares of Dimensional Global Credit ETF during the 1st quarter valued at about $17,125,000. Integrity Alliance LLC. grew its stake in shares of Dimensional Global Credit ETF by 34.6% in the 4th quarter. Integrity Alliance LLC. now owns 785,250 shares of the company’s stock worth $42,590,000 after purchasing an additional 201,801 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Dimensional Global Credit ETF in the 3rd quarter worth approximately $8,852,000. Finally, Apella Capital LLC grew its stake in shares of Dimensional Global Credit ETF by 1,570.9% in the 2nd quarter. Apella Capital LLC now owns 164,065 shares of the company’s stock worth $8,919,000 after purchasing an additional 154,246 shares during the last quarter.

About Dimensional Global Credit ETF

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.