Park Avenue Securities LLC Increases Stock Holdings in Dimensional Global Credit ETF (NASDAQ:DGCB)

Park Avenue Securities LLC lifted its stake in shares of Dimensional Global Credit ETF (NASDAQ:DGCB) by 47.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,698 shares of the company’s stock after buying an additional 8,554 shares during the period. Park Avenue Securities LLC owned approximately 0.25% of Dimensional Global Credit ETF worth $1,420,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in Dimensional Global Credit ETF by 53.8% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 132,836 shares of the company’s stock worth $6,987,000 after purchasing an additional 46,494 shares during the period. Kestra Investment Management LLC acquired a new position in Dimensional Global Credit ETF in the fourth quarter valued at approximately $361,000. Daner Wealth Management LLC acquired a new stake in shares of Dimensional Global Credit ETF during the 4th quarter worth about $1,389,000. Farther Finance Advisors LLC raised its stake in shares of Dimensional Global Credit ETF by 143.7% in the 4th quarter. Farther Finance Advisors LLC now owns 15,370 shares of the company’s stock valued at $808,000 after acquiring an additional 9,064 shares during the period. Finally, Symmetry Partners LLC purchased a new stake in Dimensional Global Credit ETF in the fourth quarter valued at approximately $283,000.

Dimensional Global Credit ETF Stock Up 0.2%

Dimensional Global Credit ETF stock opened at $53.60 on Thursday. The stock’s fifty day simple moving average is $52.84 and its 200-day simple moving average is $52.97. Dimensional Global Credit ETF has a twelve month low of $51.29 and a twelve month high of $55.16.

Dimensional Global Credit ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were paid a dividend of $0.122 per share. The ex-dividend date was Tuesday, March 25th. This represents a $1.46 dividend on an annualized basis and a yield of 2.73%.

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.