Maine-based Penobscot Wealth Management increased its stake in the Dimensional Global Core Plus Fixed Income ETF by 79,779 shares in the third quarter, boosting the position’s value to $44.87 million. The fund now holds 807,488 DFGP shares, making it the second-largest position with an estimated $5.22 million increase.

The Dimensional Global Core Plus Fixed Income ETF was the focus of Penobscot Wealth Management’s investment, adding $5.22 million to its position by the end of September. The fund now holds 807,488 DFGP shares valued at $44.87 million, representing 14.4% of its $311.58 million in U.S. equity holdings across 103 positions.

DFGP shares were priced at $54.03 as of Friday, up about 2% in the past year, compared to a nearly 17% gain for the S&P 500. The ETF has an AUM of $2.06 billion, a 3% yield, and a 1-year total return of 5%.

The Dimensional Global Core Plus Fixed Income ETF focuses on a diversified portfolio of U.S. and foreign debt securities, targeting investment-grade and select lower-rated fixed-income instruments for total return objectives. It caters to institutional and retail investors seeking core fixed income exposure with daily liquidity and a systematic risk management approach.

Read more at Yahoo Finance: Why a Maine Advisor Put $5. Million Into a Global Bond ETF Yielding Nearly 4%