Dimensional Global Credit ETF (NASDAQ:DGCB) Reaches New 1-Year Low – Time to Sell?

Dimensional Global Credit ETF (NASDAQ:DGCB) hit a new 52-week low on Thursday. The company traded as low as $52.20 and last traded at $52.26, with a volume of 318916 shares traded. The stock had previously closed at $52.77.

Dimensional Global Credit ETF Price Performance

The firm has a 50 day simple moving average of $53.10 and a 200-day simple moving average of $53.99.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DGCB. Envestnet Portfolio Solutions Inc. acquired a new stake in Dimensional Global Credit ETF during the 2nd quarter valued at $489,853,000. Envestnet Asset Management Inc. increased its holdings in shares of Dimensional Global Credit ETF by 24.8% in the second quarter. Envestnet Asset Management Inc. now owns 819,826 shares of the company’s stock valued at $44,820,000 after purchasing an additional 162,981 shares during the last quarter. Tencap Wealth Coaching LLC acquired a new position in shares of Dimensional Global Credit ETF in the fourth quarter valued at $23,464,000. Allworth Financial LP raised its position in shares of Dimensional Global Credit ETF by 40.4% in the second quarter. Allworth Financial LP now owns 386,625 shares of the company’s stock valued at $21,137,000 after purchasing an additional 111,202 shares during the period. Finally, AA Financial Advisors LLC bought a new position in shares of Dimensional Global Credit ETF in the first quarter valued at about $17,125,000.

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.