Dimensional Global Credit ETF (NASDAQ:DGCB) Sees Unusually-High Trading Volume – Here’s What Happened

Dimensional Global Credit ETF (NASDAQ:DGCB) shares saw unusually-strong trading volume on Friday . Approximately 217,589 shares were traded during mid-day trading, an increase of 206% from the previous session’s volume of 71,029 shares.The stock last traded at $54.65 and had previously closed at $54.68.

Dimensional Global Credit ETF Price Performance

The business’s fifty day moving average is $54.57 and its 200-day moving average is $54.88.

Dimensional Global Credit ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 16th were given a $0.7043 dividend. The ex-dividend date was Tuesday, December 16th. This represents a c) annualized dividend and a yield of 15.5%. This is an increase from Dimensional Global Credit ETF’s previous monthly dividend of $0.32.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vestmark Advisory Solutions Inc. increased its stake in Dimensional Global Credit ETF by 125.0% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 2,741,234 shares of the company’s stock valued at $148,657,000 after buying an additional 1,522,658 shares during the period. Integrity Advisory Solutions LLC bought a new position in shares of Dimensional Global Credit ETF in the third quarter valued at approximately $47,992,000. Integrated Wealth Concepts LLC acquired a new position in shares of Dimensional Global Credit ETF during the third quarter valued at approximately $8,852,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Dimensional Global Credit ETF during the third quarter valued at approximately $8,214,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in Dimensional Global Credit ETF during the fourth quarter worth approximately $6,882,000.

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.