Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Trading Up 0.1% – Here’s What Happened

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

Columbia Diversified Fixed Income Allocation ETF Price Performance

The company’s 50 day simple moving average is $18.44 and its 200 day simple moving average is $18.40.

Columbia Diversified Fixed Income Allocation ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a $0.076 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIAL. Advisory Services Network LLC increased its holdings in shares of Columbia Diversified Fixed Income Allocation ETF by 28.6% in the fourth quarter. Advisory Services Network LLC now owns 10,066 shares of the company’s stock worth $185,000 after acquiring an additional 2,236 shares in the last quarter. Royal Bank of Canada increased its stake in Columbia Diversified Fixed Income Allocation ETF by 22.4% during the 4th quarter. Royal Bank of Canada now owns 206,502 shares of the company’s stock worth $3,791,000 after purchasing an additional 37,726 shares in the last quarter. MML Investors Services LLC bought a new stake in Columbia Diversified Fixed Income Allocation ETF during the 4th quarter worth approximately $298,000. Kestra Advisory Services LLC acquired a new stake in Columbia Diversified Fixed Income Allocation ETF during the 4th quarter worth approximately $152,000. Finally, Commonwealth Equity Services LLC lifted its stake in Columbia Diversified Fixed Income Allocation ETF by 37.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 35,122 shares of the company’s stock valued at $645,000 after buying an additional 9,611 shares in the last quarter. 2.16% of the stock is owned by institutional investors and hedge funds.

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.