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

Dimensional Global Credit ETF (NASDAQ:DGCB) shares saw unusually-strong trading volume on Friday . Approximately 217,589 shares were traded during 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 Stock Performance

The business’s fifty day moving average price is $54.58 and its 200 day moving average price is $54.87.

Dimensional Global Credit ETF Increases Dividend

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

Institutional Trading of Dimensional Global Credit ETF

Large investors have recently modified their holdings of the stock. CWM LLC boosted its stake in Dimensional Global Credit ETF by 27.5% during the fourth quarter. CWM LLC now owns 988 shares of the company’s stock worth $54,000 after acquiring an additional 213 shares in the last quarter. City State Bank acquired a new position in shares of Dimensional Global Credit ETF during the third quarter valued at about $55,000. Washington Trust Advisors Inc. bought a new position in shares of Dimensional Global Credit ETF during the 3rd quarter worth about $74,000. Raymond James Financial Inc. acquired a new stake in shares of Dimensional Global Credit ETF in the 2nd quarter valued at about $111,000. Finally, AE Wealth Management LLC bought a new stake in Dimensional Global Credit ETF in the 2nd quarter valued at about $129,000.

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.