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

Shares of Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) were up 0.4% during mid-day trading on Monday . The stock traded as high as $18.18 and last traded at $18.17. Approximately 36,248 shares traded hands during mid-day 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 Trading Down 0.5%

The company’s 50-day simple moving average is $18.43 and its 200 day simple moving average is $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. Stockholders of record on Monday, March 2nd were issued a dividend of $0.0774 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. This is a positive change from Columbia Diversified Fixed Income Allocation ETF’s previous monthly dividend of $0.08.

Institutional Investors Weigh In On Columbia Diversified Fixed Income Allocation ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIAL. Sunbelt Securities Inc. bought a new stake in Columbia Diversified Fixed Income Allocation ETF during the third quarter worth approximately $26,000. Advisory Services Network LLC bought a new position in shares of Columbia Diversified Fixed Income Allocation ETF in the third quarter valued at approximately $144,000. Kestra Advisory Services LLC acquired a new stake in shares of Columbia Diversified Fixed Income Allocation ETF in the fourth quarter worth $152,000. Cornerstone Planning Group LLC bought a new stake in shares of Columbia Diversified Fixed Income Allocation ETF during the 4th quarter worth $159,000. Finally, 5T Wealth LLC bought a new stake in shares of Columbia Diversified Fixed Income Allocation ETF during the 4th quarter worth $202,000. 2.16% of the stock is currently owned by institutional investors and hedge funds.

About Columbia Diversified Fixed Income Allocation ETF

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.