Orion Portfolio Solutions LLC Acquires 9,665 Shares of Dimensional Global Credit ETF (NASDAQ:DGCB)

Orion Portfolio Solutions LLC raised its stake in shares of Dimensional Global Credit ETF (NASDAQ:DGCB) by 17.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 64,425 shares of the company’s stock after acquiring an additional 9,665 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Dimensional Global Credit ETF were worth $3,389,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new position in shares of Dimensional Global Credit ETF in the 4th quarter valued at approximately $242,000. Symmetry Partners LLC bought a new position in shares of Dimensional Global Credit ETF in the fourth quarter valued at approximately $283,000. IFP Advisors Inc lifted its stake in shares of Dimensional Global Credit ETF by 16.5% in the fourth quarter. IFP Advisors Inc now owns 5,838 shares of the company’s stock worth $307,000 after buying an additional 827 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Dimensional Global Credit ETF during the 4th quarter worth $361,000. Finally, Silver Oak Securities Incorporated grew its stake in Dimensional Global Credit ETF by 6.7% in the 4th quarter. Silver Oak Securities Incorporated now owns 7,187 shares of the company’s stock valued at $379,000 after buying an additional 449 shares during the last quarter.

Dimensional Global Credit ETF Price Performance

Dimensional Global Credit ETF stock opened at $53.07 on Monday. Dimensional Global Credit ETF has a fifty-two week low of $51.57 and a fifty-two week high of $55.16. The firm has a fifty day moving average price of $53.04 and a two-hundred day moving average price of $53.44.

Dimensional Global Credit ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were paid a dividend of $0.122 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $1.46 annualized dividend and a yield of 2.76%.

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.