Vestmark Advisory Solutions Inc. Invests $45.45 Million in Dimensional Global Credit ETF (NASDAQ:DGCB)

Vestmark Advisory Solutions Inc. acquired a new position in shares of Dimensional Global Credit ETF (NASDAQ:DGCB) during the fourth quarter, HoldingsChannel reports. The firm acquired 855,973 shares of the company’s stock, valued at approximately $45,452,000. Dimensional Global Credit ETF accounts for approximately 2.3% of Vestmark Advisory Solutions Inc.’s portfolio, making the stock its 6th biggest position. Vestmark Advisory Solutions Inc. owned approximately 0.39% of Dimensional Global Credit ETF as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aspire Private Capital LLC bought a new stake in shares of Dimensional Global Credit ETF during the 4th quarter worth approximately $457,000. Truist Financial Corp bought a new stake in Dimensional Global Credit ETF in the 4th quarter valued at $3,232,000. Finally, DiNuzzo Private Wealth Inc. bought a new stake in Dimensional Global Credit ETF in the 4th quarter valued at $16,588,000.

Dimensional Global Credit ETF Trading Up 0.5 %

DGCB traded up $0.25 during trading hours on Friday, reaching $52.44. The company’s stock had a trading volume of 19,458 shares, compared to its average volume of 44,747. Dimensional Global Credit ETF has a 52 week low of $50.06 and a 52 week high of $53.46. The company’s 50-day simple moving average is $52.48.

Dimensional Global Credit ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 19th. Investors of record on Wednesday, April 17th were paid a $0.161 dividend. This represents a $1.93 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Tuesday, April 16th.

Dimensional Global Credit ETF Company 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.