Dimensional Global Credit ETF (NASDAQ:DGCB) Sees Strong Trading Volume – Here’s Why

Shares of Dimensional Global Credit ETF (NASDAQ:DGCB) saw an uptick in trading volume on Monday . 95,832 shares were traded during mid-day trading, an increase of 51% from the previous session’s volume of 63,454 shares.The stock last traded at $54.0850 and had previously closed at $54.22.

Dimensional Global Credit ETF Trading Up 0.2%

The business’s 50-day moving average price is $55.04 and its two-hundred day moving average price is $54.78.

Dimensional Global Credit ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, December 16th were paid a $0.7043 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This is a positive change from Dimensional Global Credit ETF’s previous monthly dividend of $0.32. This represents a c) dividend on an annualized basis and a yield of 15.6%.

Hedge Funds Weigh In On Dimensional Global Credit ETF

Several institutional investors have recently modified their holdings of DGCB. City State Bank bought a new stake in Dimensional Global Credit ETF during the 3rd quarter worth approximately $55,000. Washington Trust Advisors Inc. acquired a new stake in shares of Dimensional Global Credit ETF during the third quarter worth $74,000. Raymond James Financial Inc. acquired a new position in Dimensional Global Credit ETF in the 2nd quarter worth $111,000. AE Wealth Management LLC acquired a new stake in shares of Dimensional Global Credit ETF in the 2nd quarter valued at about $129,000. Finally, Concord Wealth Partners grew its holdings in shares of Dimensional Global Credit ETF by 142.1% during the second quarter. Concord Wealth Partners now owns 3,198 shares of the company’s stock worth $173,000 after buying an additional 1,877 shares in 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.