Dravo Bay LLC Has $12.04 Million Stock Holdings in Dimensional Global Credit ETF $DGCB

Dravo Bay LLC raised its position in shares of Dimensional Global Credit ETF (NASDAQ:DGCB) by 11.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 217,198 shares of the company’s stock after acquiring an additional 22,492 shares during the quarter. Dimensional Global Credit ETF makes up approximately 5.3% of Dravo Bay LLC’s holdings, making the stock its 5th largest position. Dravo Bay LLC’s holdings in Dimensional Global Credit ETF were worth $12,044,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Dimensional Global Credit ETF in the 1st quarter valued at approximately $201,000. Master S Wealth Management Inc. grew its stake in Dimensional Global Credit ETF by 2.0% in the second quarter. Master S Wealth Management Inc. now owns 78,266 shares of the company’s stock worth $4,244,000 after purchasing an additional 1,540 shares during the period. Brookstone Capital Management bought a new position in Dimensional Global Credit ETF in the second quarter worth $837,000. Envestnet Asset Management Inc. lifted its position in Dimensional Global Credit ETF by 15.6% during the second quarter. Envestnet Asset Management Inc. now owns 592,144 shares of the company’s stock valued at $32,112,000 after buying an additional 79,771 shares during the period. Finally, Austin Private Wealth LLC boosted its holdings in shares of Dimensional Global Credit ETF by 22.9% during the 2nd quarter. Austin Private Wealth LLC now owns 32,238 shares of the company’s stock valued at $1,748,000 after buying an additional 6,005 shares in the last quarter.

Dimensional Global Credit ETF Trading Up 0.1%

Shares of Dimensional Global Credit ETF stock opened at $55.06 on Friday. The company has a 50-day moving average of $54.52 and a 200 day moving average of $54.92. Dimensional Global Credit ETF has a 1 year low of $51.29 and a 1 year high of $56.03.

Dimensional Global Credit ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.7043 per share. This is a positive change from Dimensional Global Credit ETF’s previous monthly dividend of $0.32. This represents a c) dividend on an annualized basis and a dividend yield of 15.3%. The ex-dividend date of this dividend was Tuesday, December 16th.

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.