Dimensional Global Credit ETF (NASDAQ:DGCB) Reaches New 1-Year High – Should You Buy?

Shares of Dimensional Global Credit ETF (NASDAQ:DGCB) reached a new 52-week high during trading on Monday . The stock traded as high as $56.90 and last traded at $56.7050, with a volume of 350 shares changing hands. The stock had previously closed at $55.18.

Dimensional Global Credit ETF Price Performance

The firm has a 50-day moving average of $54.55 and a two-hundred day moving average of $54.94.

Dimensional Global Credit ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 16th were given a dividend of $0.7043 per share. 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. This is a positive change from Dimensional Global Credit ETF’s previous monthly dividend of $0.32.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DGCB. CWM LLC increased its position in shares of Dimensional Global Credit ETF by 27.5% during the fourth quarter. CWM LLC now owns 988 shares of the company’s stock valued at $54,000 after acquiring an additional 213 shares during the last quarter. City State Bank purchased a new position in shares of Dimensional Global Credit ETF during the 3rd quarter worth approximately $55,000. Washington Trust Advisors Inc. acquired a new stake in Dimensional Global Credit ETF in the 3rd quarter valued at approximately $74,000. Raymond James Financial Inc. purchased a new stake in Dimensional Global Credit ETF in the second quarter valued at approximately $111,000. Finally, AE Wealth Management LLC purchased a new stake in Dimensional Global Credit ETF in the second quarter valued at approximately $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.