Sowell Financial Services LLC Buys 657 Shares of Dimensional Global Credit ETF (NASDAQ:DGCB)

Sowell Financial Services LLC lifted its position in Dimensional Global Credit ETF (NASDAQ:DGCB) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,794 shares of the company’s stock after acquiring an additional 657 shares during the quarter. Sowell Financial Services LLC owned 0.24% of Dimensional Global Credit ETF worth $1,318,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DGCB. RFG Advisory LLC lifted its holdings in shares of Dimensional Global Credit ETF by 3,779.5% in the 1st quarter. RFG Advisory LLC now owns 256,981 shares of the company’s stock worth $13,664,000 after acquiring an additional 250,357 shares during the last quarter. Bank of America Corp DE lifted its stake in Dimensional Global Credit ETF by 12.9% in the fourth quarter. Bank of America Corp DE now owns 814,088 shares of the company’s stock worth $42,821,000 after purchasing an additional 93,150 shares during the last quarter. Master S Wealth Management Inc. bought a new stake in Dimensional Global Credit ETF in the fourth quarter worth about $3,981,000. Vestmark Advisory Solutions Inc. lifted its stake in shares of Dimensional Global Credit ETF by 5.9% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,232,828 shares of the company’s stock worth $64,847,000 after acquiring an additional 68,659 shares during the last quarter. Finally, SageOak Financial LLC bought a new stake in shares of Dimensional Global Credit ETF during the 4th quarter worth approximately $3,166,000.

Dimensional Global Credit ETF Price Performance

Shares of DGCB stock opened at $53.66 on Wednesday. Dimensional Global Credit ETF has a 52-week low of $51.29 and a 52-week high of $55.16. The stock has a 50 day moving average price of $52.96 and a 200 day moving average price of $52.96.

Dimensional Global Credit ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were given a dividend of $0.122 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $1.46 annualized dividend and a dividend yield of 2.73%.

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.