Convergence Financial LLC Makes New Investment in Columbia Diversified Fixed Income Allocation ETF $DIAL

Convergence Financial LLC acquired a new stake in Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 315,253 shares of the company’s stock, valued at approximately $5,816,000. Convergence Financial LLC owned approximately 1.40% of Columbia Diversified Fixed Income Allocation ETF at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DIAL. Walkner Condon Financial Advisors LLC boosted its holdings in Columbia Diversified Fixed Income Allocation ETF by 5.7% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 16,790 shares of the company’s stock valued at $310,000 after acquiring an additional 910 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Columbia Diversified Fixed Income Allocation ETF by 2.4% in the second quarter. Raymond James Financial Inc. now owns 45,758 shares of the company’s stock valued at $833,000 after purchasing an additional 1,060 shares during the period. New Insight Wealth Advisors grew its holdings in shares of Columbia Diversified Fixed Income Allocation ETF by 5.4% in the third quarter. New Insight Wealth Advisors now owns 30,502 shares of the company’s stock valued at $563,000 after purchasing an additional 1,568 shares in the last quarter. BankPlus Wealth Management LLC grew its holdings in shares of Columbia Diversified Fixed Income Allocation ETF by 3.5% in the third quarter. BankPlus Wealth Management LLC now owns 51,216 shares of the company’s stock valued at $945,000 after purchasing an additional 1,722 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Columbia Diversified Fixed Income Allocation ETF by 3.5% during the 2nd quarter. Cetera Investment Advisers now owns 84,809 shares of the company’s stock worth $1,544,000 after buying an additional 2,907 shares during the period. Institutional investors and hedge funds own 2.16% of the company’s stock.

Columbia Diversified Fixed Income Allocation ETF Stock Performance

Columbia Diversified Fixed Income Allocation ETF stock opened at $18.58 on Friday. Columbia Diversified Fixed Income Allocation ETF has a 52-week low of $17.27 and a 52-week high of $18.60. The company’s 50 day moving average is $18.44 and its two-hundred day moving average is $18.40.

Columbia Diversified Fixed Income Allocation ETF Cuts Dividend

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

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.