Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Shares Up 0.4% – Still a Buy?

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) rose 0.4% during trading on Monday . The company traded as high as $18.18 and last traded at $18.17. Approximately 36,248 shares changed hands during trading, a decline of 54% from the average daily volume of 79,173 shares. The stock had previously closed at $18.09.

Columbia Diversified Fixed Income Allocation ETF Stock Performance

The company has a 50 day simple moving average of $18.43 and a two-hundred day simple moving average of $18.42.

Columbia Diversified Fixed Income Allocation ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.0774 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is a boost from Columbia Diversified Fixed Income Allocation ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a yield of 5.1%.

Institutional Investors Weigh In On Columbia Diversified Fixed Income Allocation ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIAL. Sunbelt Securities Inc. purchased a new stake in Columbia Diversified Fixed Income Allocation ETF in the 3rd quarter worth approximately $26,000. Advisory Services Network LLC purchased a new position in shares of Columbia Diversified Fixed Income Allocation ETF during the 3rd quarter valued at $144,000. Kestra Advisory Services LLC purchased a new position in shares of Columbia Diversified Fixed Income Allocation ETF during the 4th quarter valued at $152,000. Cornerstone Planning Group LLC acquired a new position in shares of Columbia Diversified Fixed Income Allocation ETF in the fourth quarter worth $159,000. Finally, 5T Wealth LLC acquired a new position in shares of Columbia Diversified Fixed Income Allocation ETF in the fourth quarter worth $202,000. Hedge funds and other institutional investors own 2.16% of the company’s stock.

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.