Dimensional Global Credit ETF (NASDAQ:DGCB) Sees Strong Trading Volume – Still a Buy?

Shares of Dimensional Global Credit ETF (NASDAQ:DGCB) saw unusually-strong trading volume on Tuesday . Approximately 62,504 shares traded hands during mid-day trading, an increase of 14% from the previous session’s volume of 54,966 shares.The stock last traded at $53.03 and had previously closed at $52.77.

Dimensional Global Credit ETF Stock Performance

The company’s 50 day simple moving average is $52.79 and its 200 day simple moving average is $52.97.

Dimensional Global Credit ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were issued a $0.122 dividend. This represents a $1.46 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Investors Weigh In On Dimensional Global Credit ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Concord Wealth Partners increased its position in shares of Dimensional Global Credit ETF by 606.4% during the 1st quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $70,000 after purchasing an additional 1,134 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Dimensional Global Credit ETF during the first quarter worth about $201,000. Cary Street Partners Financial LLC bought a new stake in Dimensional Global Credit ETF in the first quarter worth about $215,000. Merit Financial Group LLC acquired a new stake in Dimensional Global Credit ETF in the 1st quarter valued at about $224,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Dimensional Global Credit ETF during the 4th quarter valued at about $242,000.

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.