TRU Independence Asset Management 2 LLC Increases Stake in Dimensional Global Credit ETF (NASDAQ:DGCB)

TRU Independence Asset Management 2 LLC increased its stake in shares of Dimensional Global Credit ETF (NASDAQ:DGCB) by 253.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,481 shares of the company’s stock after purchasing an additional 67,783 shares during the quarter. Dimensional Global Credit ETF makes up about 4.1% of TRU Independence Asset Management 2 LLC’s portfolio, making the stock its 6th largest holding. TRU Independence Asset Management 2 LLC owned about 0.98% of Dimensional Global Credit ETF worth $4,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new position in shares of Dimensional Global Credit ETF during the fourth quarter valued at $242,000. Farther Finance Advisors LLC grew its position in shares of Dimensional Global Credit ETF by 70.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,306 shares of the company’s stock valued at $346,000 after buying an additional 2,608 shares during the last quarter. Savvy Advisors Inc. increased its stake in shares of Dimensional Global Credit ETF by 63.6% in the third quarter. Savvy Advisors Inc. now owns 6,397 shares of the company’s stock valued at $351,000 after buying an additional 2,487 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Dimensional Global Credit ETF in the third quarter worth approximately $510,000. Finally, Two West Capital Advisors LLC boosted its holdings in Dimensional Global Credit ETF by 51.7% in the fourth quarter. Two West Capital Advisors LLC now owns 11,952 shares of the company’s stock valued at $629,000 after acquiring an additional 4,075 shares during the last quarter.

Dimensional Global Credit ETF Stock Performance

Dimensional Global Credit ETF stock opened at $52.80 on Tuesday. The firm has a 50 day moving average price of $52.99 and a two-hundred day moving average price of $53.66. Dimensional Global Credit ETF has a 52-week low of $51.57 and a 52-week high of $55.16.

Dimensional Global Credit ETF Cuts Dividend

The firm also recently declared 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 of this dividend was Wednesday, January 22nd.

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.