Envestnet Asset Management Inc. Raises Holdings in Dimensional Global Credit ETF $DGCB

Envestnet Asset Management Inc. boosted its holdings in shares of Dimensional Global Credit ETF (NASDAQ:DGCB) by 13.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 673,316 shares of the company’s stock after buying an additional 81,172 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Dimensional Global Credit ETF were worth $37,335,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. City State Bank purchased a new stake in Dimensional Global Credit ETF in the 3rd quarter valued at about $55,000. Raymond James Financial Inc. acquired a new stake in shares of Dimensional Global Credit ETF during the second quarter valued at about $111,000. AE Wealth Management LLC purchased a new stake in shares of Dimensional Global Credit ETF in the 2nd quarter valued at approximately $129,000. Concord Wealth Partners lifted its holdings in shares of Dimensional Global Credit ETF by 142.1% in the 2nd quarter. Concord Wealth Partners now owns 3,198 shares of the company’s stock worth $173,000 after acquiring an additional 1,877 shares during the last quarter. Finally, Selective Wealth Management Inc. purchased a new position in shares of Dimensional Global Credit ETF during the 3rd quarter worth approximately $204,000.

Dimensional Global Credit ETF Stock Performance

DGCB opened at $54.85 on Wednesday. Dimensional Global Credit ETF has a 52 week low of $51.29 and a 52 week high of $56.03. The business has a fifty day simple moving average of $54.53 and a 200-day simple moving average of $54.91.

Dimensional Global Credit ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, December 16th were given a $0.7043 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a c) annualized dividend and a yield of 15.4%. This is an increase from Dimensional Global Credit ETF’s previous monthly dividend of $0.32.

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.