Dimensional Global Credit ETF (NASDAQ:DGCB) Reaches New 1-Year Low – What’s Next?

Shares of Dimensional Global Credit ETF (NASDAQ:DGCB) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $52.98 and last traded at $53.00, with a volume of 33103 shares traded. The stock had previously closed at $53.16.

Dimensional Global Credit ETF Stock Down 0.4%

The stock has a 50-day simple moving average of $53.79 and a 200 day simple moving average of $54.31.

Dimensional Global Credit ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 20th. Investors of record on Tuesday, August 18th were given a dividend of $0.1378 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, August 18th.

Institutional Trading of Dimensional Global Credit ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its position in Dimensional Global Credit ETF by 27.5% in the fourth quarter. CWM LLC now owns 988 shares of the company’s stock valued at $54,000 after buying an additional 213 shares during the last quarter. Topsail Wealth Management LLC acquired a new stake in shares of Dimensional Global Credit ETF during the first quarter valued at about $55,000. Fifth Third Bancorp purchased a new stake in shares of Dimensional Global Credit ETF in the 1st quarter valued at approximately $86,000. Raymond James Financial Inc. purchased a new stake in shares of Dimensional Global Credit ETF in the 2nd quarter valued at approximately $111,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Dimensional Global Credit ETF in the 4th quarter worth approximately $132,000.

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.