Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Trading Up 0.1% – Still a Buy?

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL)’s stock price was up 0.1% on Thursday . The company traded as high as $18.59 and last traded at $18.58. Approximately 50,036 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 82,783 shares. The stock had previously closed at $18.56.

Columbia Diversified Fixed Income Allocation ETF Trading Up 0.1%

The business’s fifty day moving average is $18.43 and its 200-day moving average is $18.40.

Columbia Diversified Fixed Income Allocation ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.076 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.9%.

Institutional Trading of Columbia Diversified Fixed Income Allocation ETF

A number of large investors have recently bought and sold shares of the company. LPL Financial LLC boosted its stake in Columbia Diversified Fixed Income Allocation ETF by 75.6% in the 4th quarter. LPL Financial LLC now owns 2,183,465 shares of the company’s stock worth $40,077,000 after purchasing an additional 939,843 shares during the period. Ameriprise Financial Inc. increased its position in shares of Columbia Diversified Fixed Income Allocation ETF by 13.8% during the third quarter. Ameriprise Financial Inc. now owns 6,619,968 shares of the company’s stock valued at $122,138,000 after buying an additional 805,152 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Columbia Diversified Fixed Income Allocation ETF in the fourth quarter worth about $13,765,000. Convergence Financial LLC purchased a new stake in shares of Columbia Diversified Fixed Income Allocation ETF in the third quarter worth about $5,816,000. Finally, Hobart Private Capital LLC bought a new position in shares of Columbia Diversified Fixed Income Allocation ETF in the third quarter valued at approximately $5,620,000. 2.16% of the stock is owned by hedge funds and other institutional investors.

Columbia Diversified Fixed Income Allocation ETF Company Profile

The Columbia Diversified Fixed Income Allocation ETF (DIAL) is an exchange-traded fund that is based on the Beta Advantage Multi-Sector Bond index. The fund tracks an index comprised of six sub-indexes, each representing a different sector within the fixed income space. The index allocates fixed weights to each of the six sectors. DIAL was launched on Oct 12, 2017 and is managed by Columbia.