Dimensional Global Credit ETF (NASDAQ:DGCB) Sees Unusually-High Trading Volume – Still a Buy?

Dimensional Global Credit ETF (NASDAQ:DGCB) shares saw strong trading volume on Friday . 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 Trading Down 0.0%

The stock has a fifty day moving average price of $54.58 and a two-hundred day moving average price of $54.87.

Dimensional Global Credit ETF Increases Dividend

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

Institutional Trading of Dimensional Global Credit ETF

Institutional investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC grew its holdings in shares of Dimensional Global Credit ETF by 5.9% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 10,937 shares of the company’s stock worth $593,000 after purchasing an additional 610 shares in the last quarter. Index Fund Advisors Inc. lifted its position in Dimensional Global Credit ETF by 454.4% during the fourth quarter. Index Fund Advisors Inc. now owns 24,964 shares of the company’s stock worth $1,354,000 after purchasing an additional 20,461 shares during the period. Porter White Investment Advisors Inc. grew its stake in Dimensional Global Credit ETF by 18.9% during the fourth quarter. Porter White Investment Advisors Inc. now owns 22,593 shares of the company’s stock worth $1,225,000 after buying an additional 3,598 shares in the last quarter. Concord Wealth Partners grew its stake in Dimensional Global Credit ETF by 96.2% during the fourth quarter. Concord Wealth Partners now owns 6,273 shares of the company’s stock worth $340,000 after buying an additional 3,075 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Dimensional Global Credit ETF by 9.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 5,923 shares of the company’s stock valued at $321,000 after buying an additional 529 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.