Envestnet Asset Management Inc. Boosts Holdings in Dimensional Global Credit ETF $DGCB

Envestnet Asset Management Inc. lifted its stake in shares of Dimensional Global Credit ETF (NASDAQ:DGCB) by 13.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 673,316 shares of the company’s stock after purchasing an additional 81,172 shares during the period. Envestnet Asset Management Inc. owned about 4.95% of Dimensional Global Credit ETF worth $37,335,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Vestmark Advisory Solutions Inc. boosted its holdings in Dimensional Global Credit ETF by 125.0% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 2,741,234 shares of the company’s stock worth $148,657,000 after buying an additional 1,522,658 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Dimensional Global Credit ETF by 11.4% in the second quarter. Bank of America Corp DE now owns 776,805 shares of the company’s stock valued at $42,126,000 after acquiring an additional 79,416 shares in the last quarter. Integrity Alliance LLC. boosted its stake in shares of Dimensional Global Credit ETF by 10.0% in the second quarter. Integrity Alliance LLC. now owns 522,447 shares of the company’s stock worth $28,332,000 after acquiring an additional 47,367 shares during the last quarter. DiNuzzo Private Wealth Inc. increased its position in shares of Dimensional Global Credit ETF by 0.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 327,327 shares of the company’s stock worth $17,913,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Mattern Wealth Management LLC raised its stake in Dimensional Global Credit ETF by 6.1% in the 3rd quarter. Mattern Wealth Management LLC now owns 233,189 shares of the company’s stock valued at $12,930,000 after purchasing an additional 13,470 shares during the last quarter.

Dimensional Global Credit ETF Stock Up 0.1%

Shares of DGCB opened at $54.85 on Wednesday. Dimensional Global Credit ETF has a 52-week low of $51.29 and a 52-week high of $56.03. The firm’s fifty day moving average is $54.53 and its two-hundred day moving average is $54.91.

Dimensional Global Credit ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 16th were given a dividend of $0.7043 per share. The ex-dividend date was Tuesday, December 16th. This is a boost 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 15.4%.

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.