Park Avenue Securities LLC Has $3.93 Million Stake in Dimensional Global Credit ETF $DGCB

Park Avenue Securities LLC increased its holdings in shares of Dimensional Global Credit ETF (NASDAQ:DGCB) by 19.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,814 shares of the company’s stock after buying an additional 11,722 shares during the period. Park Avenue Securities LLC owned 0.52% of Dimensional Global Credit ETF worth $3,927,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. City State Bank acquired a new stake in Dimensional Global Credit ETF during the 3rd quarter worth $55,000. Raymond James Financial Inc. acquired a new stake in shares of Dimensional Global Credit ETF during the second quarter worth $111,000. AE Wealth Management LLC acquired a new stake in shares of Dimensional Global Credit ETF during the second quarter worth $129,000. Concord Wealth Partners increased its holdings in Dimensional Global Credit ETF by 142.1% in the second quarter. Concord Wealth Partners now owns 3,198 shares of the company’s stock valued at $173,000 after purchasing an additional 1,877 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Dimensional Global Credit ETF in the first quarter valued at about $201,000.

Dimensional Global Credit ETF Stock Performance

Shares of DGCB opened at $54.47 on Friday. Dimensional Global Credit ETF has a 1 year low of $51.29 and a 1 year high of $56.03. The stock’s 50-day moving average price is $54.71 and its two-hundred day moving average price is $54.83.

Dimensional Global Credit ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 16th were issued a dividend of $0.7043 per share. This is an increase 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 15.5%. The ex-dividend date was Tuesday, December 16th.

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.