Dimensional Global Credit ETF (NASDAQ:DGCB) Hits New 52-Week Low – What’s Next?

by · The Markets Daily

Dimensional Global Credit ETF (NASDAQ:DGCB – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $51.86 and last traded at $51.9210, with a volume of 124704 shares trading hands. The stock had previously closed at $51.97.

Dimensional Global Credit ETF Trading Down 0.1%

The company has a fifty day moving average of $53.03 and a two-hundred day moving average of $53.95.

Hedge Funds Weigh In On Dimensional Global Credit ETF

Several hedge funds have recently added to or reduced their stakes in DGCB. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Dimensional Global Credit ETF in the second quarter valued at approximately $489,853,000. Envestnet Asset Management Inc. lifted its stake in Dimensional Global Credit ETF by 24.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 819,826 shares of the company’s stock valued at $44,820,000 after buying an additional 162,981 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in Dimensional Global Credit ETF by 3.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 175,340 shares of the company’s stock valued at $9,586,000 after buying an additional 6,232 shares in the last quarter. RFG Advisory LLC grew its holdings in Dimensional Global Credit ETF by 4.9% during the 2nd quarter. RFG Advisory LLC now owns 285,441 shares of the company’s stock valued at $15,605,000 after buying an additional 13,448 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Dimensional Global Credit ETF by 6.3% during the 2nd quarter. NewEdge Advisors LLC now owns 199,814 shares of the company’s stock valued at $10,924,000 after buying an additional 11,832 shares during the last quarter.

Dimensional Global Credit ETF Company Profile

(Get Free Report)

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.

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