Dimensional Global Credit ETF (NASDAQ:DGCB) Reaches New 12-Month Low – Here’s Why

Shares of Dimensional Global Credit ETF (NASDAQ:DGCB) reached a new 52-week low during trading on Tuesday . The stock traded as low as $53.35 and last traded at $53.35, with a volume of 1759 shares trading hands. The stock had previously closed at $54.11.

Dimensional Global Credit ETF Trading Down 1.3%

The stock’s fifty day moving average is $54.55 and its two-hundred day moving average is $54.55.

Dimensional Global Credit ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 25th. Investors of record on Tuesday, June 23rd were issued a $0.4092 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date was Tuesday, June 23rd.

Institutional Investors Weigh In On Dimensional Global Credit ETF

Several hedge funds have recently modified their holdings of DGCB. RFG Advisory LLC raised its stake in Dimensional Global Credit ETF by 5.0% during the 4th quarter. RFG Advisory LLC now owns 260,250 shares of the company’s stock valued at $14,115,000 after purchasing an additional 12,348 shares during the period. APS Management Group Inc. boosted its position in shares of Dimensional Global Credit ETF by 7.6% in the fourth quarter. APS Management Group Inc. now owns 130,026 shares of the company’s stock worth $7,052,000 after buying an additional 9,216 shares during the period. Integrity Alliance LLC. grew its holdings in shares of Dimensional Global Credit ETF by 34.6% during the fourth quarter. Integrity Alliance LLC. now owns 785,250 shares of the company’s stock valued at $42,590,000 after buying an additional 201,801 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in shares of Dimensional Global Credit ETF during the fourth quarter valued at $647,000. Finally, Mattern Wealth Management LLC raised its position in Dimensional Global Credit ETF by 6.3% during the fourth quarter. Mattern Wealth Management LLC now owns 247,863 shares of the company’s stock valued at $13,444,000 after buying an additional 14,674 shares during the period.

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.