Envestnet Portfolio Solutions Inc. Acquires Shares of 9,728,917 Dimensional Global Credit ETF $DGCB

Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Dimensional Global Credit ETF (NASDAQ:DGCB) in the second quarter, HoldingsChannel reports. The firm acquired 9,728,917 shares of the company’s stock, valued at approximately $489,853,000. Dimensional Global Credit ETF accounts for approximately 2.1% of Envestnet Portfolio Solutions Inc.’s holdings, making the stock its 9th biggest holding. Envestnet Portfolio Solutions Inc. owned 0.46% of Dimensional Global Credit ETF at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in shares of Dimensional Global Credit ETF by 24.8% in the second quarter. Envestnet Asset Management Inc. now owns 819,826 shares of the company’s stock worth $44,820,000 after buying an additional 162,981 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in Dimensional Global Credit ETF by 3.7% during the second quarter. Integrated Wealth Concepts LLC now owns 175,340 shares of the company’s stock valued at $9,586,000 after buying an additional 6,232 shares during the last quarter. RFG Advisory LLC grew its holdings in Dimensional Global Credit ETF by 4.9% during the 2nd quarter. RFG Advisory LLC now owns 285,441 shares of the company’s stock valued at $15,605,000 after buying an additional 13,448 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Dimensional Global Credit ETF by 6.3% during the 2nd quarter. NewEdge Advisors LLC now owns 199,814 shares of the company’s stock valued at $10,924,000 after buying an additional 11,832 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in Dimensional Global Credit ETF in the 2nd quarter worth approximately $10,289,000.

Dimensional Global Credit ETF Stock Performance

NASDAQ:DGCB traded down $0.51 during trading hours on Wednesday, reaching $52.26. The stock had a trading volume of 318,916 shares, compared to its average volume of 97,494. Dimensional Global Credit ETF has a 52 week low of $52.20 and a 52 week high of $56.03. The company has a 50 day moving average price of $53.23 and a two-hundred day moving average price of $54.04.

Dimensional Global Credit ETF Company Profile

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.