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

Dimensional Global Credit ETF (NASDAQ:DGCB) saw strong trading volume on Thursday . 109,100 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 94,426 shares.The stock last traded at $53.22 and had previously closed at $53.08.

Dimensional Global Credit ETF Price Performance

The stock’s 50 day simple moving average is $52.91 and its 200 day simple moving average is $53.64.

Dimensional Global Credit ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 24th. Shareholders of record on Wednesday, January 22nd were given a dividend of $0.0078 per share. The ex-dividend date was Wednesday, January 22nd.

Hedge Funds Weigh In On Dimensional Global Credit ETF

Several institutional investors have recently made changes to their positions in DGCB. Mattern Wealth Management LLC lifted its stake in Dimensional Global Credit ETF by 135.9% in the third quarter. Mattern Wealth Management LLC now owns 180,784 shares of the company’s stock worth $9,914,000 after acquiring an additional 104,158 shares during the period. Vantage Point Financial LLC purchased a new stake in shares of Dimensional Global Credit ETF in the 4th quarter worth approximately $3,863,000. Vestmark Advisory Solutions Inc. boosted its stake in shares of Dimensional Global Credit ETF by 5.9% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,232,828 shares of the company’s stock valued at $64,847,000 after purchasing an additional 68,659 shares in the last quarter. TRU Independence Asset Management 2 LLC increased its holdings in Dimensional Global Credit ETF by 253.9% during the fourth quarter. TRU Independence Asset Management 2 LLC now owns 94,481 shares of the company’s stock valued at $4,970,000 after buying an additional 67,783 shares during the period. Finally, Virtu Financial LLC raised its stake in Dimensional Global Credit ETF by 532.2% in the third quarter. Virtu Financial LLC now owns 73,585 shares of the company’s stock worth $4,035,000 after buying an additional 61,946 shares in the last quarter.

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.