NewEdge Advisors LLC Decreases Position in Dimensional Global Credit ETF (NASDAQ:DGCB)

NewEdge Advisors LLC reduced its stake in shares of Dimensional Global Credit ETF (NASDAQ:DGCB) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 725,258 shares of the company’s stock after selling 48,298 shares during the quarter. NewEdge Advisors LLC owned 7.48% of Dimensional Global Credit ETF worth $38,149,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of DGCB. Geneos Wealth Management Inc. acquired a new stake in Dimensional Global Credit ETF in the fourth quarter valued at approximately $242,000. Symmetry Partners LLC acquired a new stake in Dimensional Global Credit ETF during the 4th quarter valued at $283,000. IFP Advisors Inc increased its stake in Dimensional Global Credit ETF by 16.5% during the 4th 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 period. Savvy Advisors Inc. increased its stake in Dimensional Global Credit ETF by 4.3% during the 4th quarter. Savvy Advisors Inc. now owns 6,671 shares of the company’s stock worth $351,000 after buying an additional 274 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in Dimensional Global Credit ETF in the 4th quarter worth $361,000.

Dimensional Global Credit ETF Stock Performance

Shares of Dimensional Global Credit ETF stock opened at $52.47 on Wednesday. Dimensional Global Credit ETF has a 1-year low of $51.29 and a 1-year high of $55.16. The business has a 50-day moving average of $52.96 and a 200-day moving average of $53.24.

Dimensional Global Credit ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 27th. Shareholders 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 dividend on an annualized basis and a yield of 2.79%.

Dimensional Global Credit ETF 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.